Enlarge image | Form 50-142 General Personal Property Rendition Taxable Property under Tax Code Section 22.01(b) CONFIDENTIAL ___________________________________ Tax Year _________________________________________________________________________ ___________________________________ Appraisal District’s Name Appraisal District Account Number (if known) GENERAL INFORMATION: When required by a chief appraiser, a person must render taxable property owned or managed and controlled as a fiduciary on Jan. 1 under Tax Code Section 22.01(b). FILING INSTRUCTIONS: This document and all supporting documentation must be filed with the appraisal district office in the county in which the property is taxable. Do not file this document with the Texas Comptroller of Public Accounts. SECTION 1: Property Owner Information ______________________________________________________________________________________________________________ Property Owner Name ______________________________________________________________________________________________________________ Mailing Address, City, State, ZIP Code __________________________________________ __________________________________________________________________ Phone Number (area code and number) Email Address Property Owner is (check one): Individual Corporation Partnership Trust Association Nonprofit Corporation Other: _________________ SECTION 2: Party Filing Report Property Owner Secured Party Employee of Property Owner Fiduciary Authorized Agent Other ___________________________________________________________________________ Employee of Property Owner on Behalf of Affiliated Entity of the Property Owner ______________________________________________________________ _______________________________________________ Name of individual authorized to sign this report Title or Position ______________________________________________________________________________________________________________ Mailing Address, City, State, ZIP Code ______________________________________________________________ _______________________________________________ Phone Number (area code and number) Email Address NOTE: When a corporation is required to file this report, an officer of the corporation or an employee or agent who has been designated in writing by the board of directors or by an authorized officer to sign on behalf of the corporation must sign the report (Tax Code Section 22.26(b)). Complete if applicable. By checking this box, I affirm that the information contained in the most recent rendition statement filed in ______________ continues to be complete and accurate for the current tax year. (Prior tax year) Are you a secured party with a security interest in the property subject to this rendition and with a historical cost new of more than $50,000 as defined by Tax Code Section 22.01(c-1) and (c-2)? ......................................................................................................................... Yes No If yes, attach a document signed by the property owner indicating consent to file the rendition. Without the authorization, the rendition is not valid and cannot be processed. Form developed by: Texas Comptroller of Public Accounts, Property Tax Assistance Division For additional copies, visit: comptroller.texas.gov/taxes/property-tax 50-142 • 09-23/11 |
Enlarge image | General Personal Property Rendition Form 50-142 SECTION 3: Property Information If the personal property rendered has an aggregate value of less than $20,000, the rendition may contain only the name and address of the property owner, a general description of the property by type or category and the physical location or taxable situs of the property (Tax Code Section 22.01(f)). Complete the table below or a spreadsheet setting forth the required information. All information must be separately identified in a manner that conforms to the column headers used in the table. Property Owner Name/Address Property Description Estimate of Quantity Property Address or Good Faith Estimate of Historical Cost Year (if managed or controlled by Type/Category of Each Type Address Where Taxable Market Value* When New* Acquired* property as a fduciary) * Provide an amount for either the good faith estimate of market value, or a historical cost when new and year acquired. If you provided an historical cost when new and year acquired, you need not provide a good faith estimate of market value. SECTION 4: Afrmation and Signature I, ___________________________________________________________ , swear or affirm that the information provided in this report is true and accurate to the best of Printed Name of Authorized Individual my knowledge and belief. NOTE: The signature on this report must be notarized unless the person filing the report is a secured party as defined by Tax Code Section 22.01, the property owner, an employee of the property owner, an employee of the property owner on behalf of an affiliated entity of the property owner or on behalf of a property owner who is rendering tangible personal property with a good faith estimate of not more than $150,000 in total market value. ____________________________________________________________ _______________________________________ Signature of Authorized Individual Date Subscribed and sworn before me this __________ day of ____________________ , 20 _______ . ____________________________________________________________ Notary Public, State of Texas Important Information GENERAL INFORMATION PENALTIES When required by a chief appraiser, a person must render taxable property owned or Failure to timely file a required rendition statement or property report will incur a managed and controlled as a fiduciary on Jan. 1 under Tax Code Section 22.01(b). This penalty of 10 percent of the total amount of taxes imposed on the property for that report is confidential and not open to public inspection; disclosure is permitted pursu- year. An additional penalty will be incurred of 50 percent of the total amount of taxes ant to the terms of Tax Code Section 22.27. imposed on the property for the tax year of the statement or report, if a court deter- FILING INSTRUCTIONS mines that: This document and all supporting documentation must be filed with the appraisal dis- 1. a person filed a false statement or report with the intent to commit fraud or to trict office in the county in which the property is taxable. Do not file this document evade the tax; or with the Texas Comptroller of Public Accounts . Contact information for appraisal 2. for the purpose of affecting the course or outcome of an inspection, investigation, district offices may be found on the Comptroller’s website. determination, or other proceeding before the appraisal district, a person: DEADLINES • altered, destroyed or concealed any record, document or thing; Rendition statements and property report deadlines depend on property type. The • presented to the chief appraiser any altered or fraudulent record, document statements and reports must be delivered to the chief appraiser after Jan. 1 and no or thing; or later than the deadlines indicated below. • otherwise engages in fraudulent conduct. Rendition Statements and Reports Deadlines Allowed Extensions • May 15 upon written request Property generally April 15 • Additional 15 days for good cause shown Property regulated by the Public Utility Commission of Texas, the • May 15 upon written request Railroad Commission of Texas, the • Additional 15 days for good federal Surface Transportation Board April 30 cause shown or the Federal Energy Regulatory Commission. Tax Code Section 22.23(d). For additional copies, visit:comptroller.texas.gov/taxes/property-tax Page 2 |