Enlarge image | Form 50-144 Business Personal Property Rendition of Taxable Property CONFIDENTIAL __________________________________ Tax Year __________________________________________________________________________ __________________________________ Appraisal District’s Name Appraisal District Account Number (if known) GENERAL INFORMATION: This form is to render tangible personal property used for the production of income that you own or manage and control as a fiduciary on Jan. 1 of this year (Tax Code Section 22.01). 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: Business and Situs Information (Required) _______________________________________________________ _____________________________________________________ Business Name Business Owner ______________________________________________________________________________________________________________ Property Location Address, City, State, ZIP Code __________________________________________________________________________ __________________________________ Email Address Phone (area code and number) Ownership Type (optional): Individual Corporation Partnership Other: __________________________________________________________________ SECTION 2: Representation Please indicate if you are filing out this form as: Owner, employee, or employee of an affiliated entity of the owner Authorized Agent Fiduciary Secured Party ______________________________________________________________________________________________________________ Name of Owner, Authorized Agent, Fiduciary or Secured Party __________________________________________________________________________ __________________________________ Mailing Address, City, State, ZIP Code Phone (area code and number) 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. SECTION 3: Afrmation of Prior Year Rendition (Check only if applicable and your assets were exactly the same as last year’s rendition form.) 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) SECTION 4: Business Information (Optional) Please address all that apply: Business type: Manufacturing Wholesale Retail Service New Business __________________________________________________________________________________ __________________________ Business Description Square Feet Occupied ________________________________________ ________________________________________ __________________________ Business Sold Date Business Start Date at Location Sales Tax Permit Number __________________________________________________________________________________ __________________________ New Owner Business Moved Date ________________________________________ ________________________________________ __________________________ New Location City, State, ZIP Code Business Closed Date Did assets remain in place as of Jan. 1? ..................................................................................................................... Yes No SECTION 5: Market Value Check the total market value of your property: Under $20,000 $20,000 or more If under $20,000, complete only Schedule A and if applicable, Schedule F. Otherwise, complete Schedule(s) B, C, D, E and/or F, as applicable. Form developed by: Texas Comptroller of Public Accounts, Property Tax Assistance Division For additional copies, visit: comptroller.texas.gov/taxes/property-tax 50-144 • 09-23/27 |
Enlarge image | Business Personal Property Rendition of Taxable Property Form 50-144 SECTION 6: Afrmation and Signature If you make a false statement on this form, you could be found guilty of a Class A misdemeanor or a state jail felony under Penal Code Section 37.10. I, _________________________________________________ , swear or affirm that the information provided in this report is true and accurate to the best of my Printed Name of Authorized Individual knowledge and belief; and that I am authorized as required by law to file and sign this report. 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 For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 2 |
Enlarge image | Business Personal Property Rendition of Taxable Property Form 50-144 Did you timely apply for a Sept. 1 inventory date? (optional) .................................. Yes No Does your inventory involve interstate/foreign commerce issues? (optional) ................... Yes No Does your inventory involve freeport goods? (optional)....................................... Yes No Account Number _____________________________ SCHEDULE A: PERSONAL PROPERTY VALUED LESS THAN $20,000 List all taxable personal property by property type/category (see Definitions and Important Information). If needed, attach additional sheets OR a computer-generated copy listing the information below. If you manage or control property as a fiduciary on Jan. 1, also list the names and addresses of each property owner. Good faith estimate of market value or historical cost when new is optional for Schedule A only. Estimate of Good Faith Historical Quantity of Estimate of OR Cost AND Year Property Owner Name/Address General Property Description by Type/Category Each Type Market Value* When New* Acquired* (if you manage or control property as a fduciary) PERSONAL PROPERTY VALUED AT $20,000 OR MORE SCHEDULE B: INVENTORY, RAW MATERIALS AND WORK IN PROCESS List all taxable inventories by property type. If needed, attach additional sheets OR a computer-generated copy listing the information below. If you manage or control property as a fiduciary on Jan. 1, also list the names and addresses of each property owner. Estimate of Good Faith Historical Property Address or Quantity of Estimate of OR Cost AND Year Property Owner Name/Address Property Description by Type/Category Address Where Taxable Each Type Market Value* When New* Acquired* (if you manage or control property as a fduciary) SCHEDULE C: SUPPLIES List all supplies by property type. If needed, attach additional sheets OR a computer generated copy listing the information below. If you manage or control property as a fiduciary on Jan. 1, also list the names and addresses of each property owner. Estimate of Good Faith Historical Property Address or Quantity of Estimate of OR Cost AND Year Property Owner Name/Address Property Description by Type/Category Address Where Taxable Each Type Market Value* When New* Acquired* (if you manage or control property as a fduciary) SCHEDULE D: VEHICLES AND TRAILERS AND SPECIAL EQUIPMENT List only vehicles that are licensed in the name of the business as shown on Page 1. Vehicles disposed of after Jan. 1 are taxable for the year and must be listed below. If needed, attach additional sheets OR a computer generated listing of the information below. Report leased vehicles under Schedule F. Leased vehicles must be reported showing the name and address of the owner. Good Faith Historical Cost Year Make Model Vehicle Identifcation Number (VIN) Estimate of OR When New* AND Year (optional) (optional) (optional) (optional) Market Value* (Omit Cents) Acquired* * 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. For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 3 |
Enlarge image | Business Personal Property Rendition of Taxable Property Form 50-144 Account Number _____________________________ SCHEDULE E: FURNITURE, FIXTURES, MACHINERY, EQUIPMENT, COMPUTERS Total (by year acquired) all furniture, fixtures, machinery, equipment and computers (new or used) still in possession on Jan. 1. List items received as gifts in the same manner. Attach additional sheets OR a computer generated listing of the information below, as needed. Furniture and Fixtures Machinery and Equipment Ofce Equipment Historical Cost Good Faith Historical Cost Good Faith Historical Cost Good Faith Year When New* OR Estimate of Year When New* OR Estimate of Year When New* OR Estimate of Acquired (Omit Cents) Market Value* Acquired (Omit Cents) Market Value* Acquired (Omit Cents) Market Value* 2023 2023 2023 2022 2022 2022 2021 2021 2021 2020 2020 2020 2019 2019 2019 2018 2018 2018 2017 2017 2017 2016 2016 2016 2015 2015 2015 2014 2014 2014 2013 2013 2013 2012 2012 2012 2011 2011 2011 2010 2010 2010 & Prior & Prior & Prior TOTAL: 0 0 TOTAL: 0 0 TOTAL: 0 0 Computer Equipment POS/Servers/Mainframes Other (any other items not listed in other schedules) Historical Cost Good Faith Historical Cost Good Faith Historical Cost Good Faith Year When New* OR Estimate of Year When New* OR Estimate of Year When New* OR Estimate of Acquired (Omit Cents) Market Value* Acquired (Omit Cents) Market Value* Acquired Description (Omit Cents) Market Value* 2023 2023 2023 2022 2022 2022 2021 2021 2021 2020 2020 2020 2019 2019 2019 2018 2018 2018 2017 2017 2017 2016 2016 2016 2015 2015 2015 & Prior & Prior & Prior TOTAL: 0 0 TOTAL: 0 0 TOTAL: 0 0 0 SCHEDULE F: PROPERTY UNDER BAILMENT, LEASE, CONSIGNMENT OR OTHER ARRANGEMENT List the name and address of each owner of taxable property that is in your possession or under your management on Jan. 1 by bailment, lease, consignment or other arrangement. If needed, attach additional sheets OR a computer-generated copy listing the information below. Property Owner’s Name Property Owner’s Address General Property Description * 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. For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 4 |
Enlarge image | Business Personal Property Rendition of Taxable Property Form 50-144 Important Information Defnitions GENERAL INFORMATION Address Where Taxable: In some instances, personal property that is only This form is for use in rendering, pursuant to Tax Code Section 22.01, tangible person- temporarily at its current address may be taxable at another location (taxable situs). al property used for the production of income that you own or manage and control If you know that this is the case, please list the address where taxable. as a fiduciary on Jan. 1 of this year. This report is confidential and not open to public Consigned Goods: Personal property owned by another person that you are selling inspection; disclosure is permitted pursuant to the terms of Tax Code Section 22.27. by arrangement with that person. If you have consigned goods, report the name FILING INSTRUCTIONS and address of the owner in the appropriate blank space. This document and all supporting documentation must be filed with the appraisal dis- Estimate of Quantity: For each type or category listed, the number of items or trict office in the county in which the property is taxable. Do not file this document other relevant measure of quantity (e.g., gallons, bushels, tons, pounds, board feet). with the Texas Comptroller of Public Accounts. Contact information for appraisal Fiduciary: A person or institution who manages property for another and who district offices may be found on the Comptroller’s website. must exercise a standard of care in such management activity imposed by law or DEADLINES contract. Rendition statements and property report deadlines depend on property type. The Good Faith Estimate of Market Value: Your best estimate of what the property statements and reports must be delivered to the chief appraiser after Jan. 1 and no later would have sold for in U.S. dollars on Jan. 1 of the current tax year if it had been on than the deadline indicated below. On written request by the property owner, the chief the market for a reasonable length of time and neither you nor the purchaser was appraiser must extend a deadline for filing a rendition statement or property report to forced to buy or sell. For inventory, it is the price for which the property would have May 15. The chief appraiser may further extend the deadline an additional 15 days upon sold as a unit to a purchaser who would continue the business. good cause shown in writing by the property owner. Historical Cost When New: What you paid for the property when it was new or, if you bought the property used, what the original buyer paid when it was new. If you Rendition Statements and Reports Deadlines Allowed Extension(s) bought the property used and do not know what the original buyer paid, state what you paid with a note that you purchased it used. • May 15 upon written request Inventory: Personal property that is held for sale in the ordinary course of a trade Property generally April 15 or business. • Additional 15 days for good cause shown Personal Property: Every kind of property that is not real property; generally, property that is movable without damage to itself or the associated real property. Property regulated by the Public Utility • May 15 upon written Property Address: The physical address of the personal property on Jan. 1 of the Commission of Texas, the Railroad Commission request current tax year. Normally, the property is taxable by the taxing unit where the of Texas, the federal Surface Transportation April 30 property is located. Board or the Federal Energy Regulatory • Additional 15 days for Secured Party: A person in whose favor a security interest is created or provided Commission. Tax Code Section 22.23(d). good cause shown for under a security agreement; see Business and Commerce Code Section 9.102 for further details. EXEMPTION Security Interest: An interest in personal property or fixtures which secured A person is entitled to an exemption from taxation of the tangible personal property payment or performance of an obligation; see Business and Commerce Code that is held or used for the production of income if it has less than $2,500 of taxable Section 1.201 for further details. value (Tax Code Section 11.145). Type/Category: Functionally similar personal property groups. Examples are: If an exemption is denied or terminated on a property, the owner must render it for furniture, fixtures, machinery, equipment, vehicles and supplies. Narrower taxation within 30 days from the denial or termination (Tax Code Sections 21.01(a) groupings such as personal computers, milling equipment, freezer cases and and 22.02). forklifts should be used, if possible. A person is not required to render for taxation PENALTIES personal property appraised under Tax Code Section 23.24. The chief appraiser must impose a penalty on a person who fails to timely file a Year Acquired: The year that you purchased the property, or otherwise acquired. required rendition statement or property report in an amount equal to 10 percent of the total amount of taxes imposed on the property for that year by taxing units participating in the appraisal district. The chief appraiser must impose an additional penalty on the person equal to 50 percent of the total amount of taxes imposed on the property for the tax year of the statement or report by the taxing units participating in the appraisal district if it is finally determined by a court that: (1) the person filed a false statement or report with the intent to commit fraud or to evade the tax; or (2) the person alters, destroys or conceals any record, document or thing, or presents to the chief appraiser any altered or fraudulent record, document or thing, or otherwise engages in fraudulent conduct, for the purpose of affecting the course or outcome of an inspection, investigation, determination or other proceeding before the appraisal district. For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 5 |