Form 50-144 - Business Personal Property Rendition Of Taxable Property Page 4
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Texas Comptroller of Public Accounts
50-144
IMPORTANT INFORMATION
GENERAL INSTRUCTIONS: This form is for use in rendering, pursu-
Failure to comply in a timely manner is considered to be a failure to
ant to Tax Code Section 22.01, tangible personal property used for
timely render and the Tax Code requires that penalties be applied by
the production of income that you own or manage and control as a
the chief appraiser.
fiduciary on Jan. 1 of this year.
PENALTIES: The chief appraiser must impose a penalty on a per-
FILING AND DEADLINES: Rendition statements and property reports
son who fails to timely file a required rendition statement or property
must be delivered to the chief appraiser after Jan. 1 and not later than
report in an amount equal to 10 percent of the total amount of taxes
April 15, except as provided by Tax Code Section 22.02. On written
imposed on the property for that year by taxing units participating in
request by the property owner, the chief appraiser shall extend a
the appraisal district. The chief appraiser must impose an additional
deadline for filing a rendition statement or property report to May 15.
penalty on the person equal to 50 percent of the total amount of taxes
The chief appraiser may further extend the deadline an additional
imposed on the property for the tax year of the statement or report
15 days upon good cause shown in writing by the property owner.
by the taxing units participating in the appraisal district if it is finally
Pursuant to Tax Code Section 22.02, if an exemption applicable to
determined by a court that:
a property on Jan. 1 terminates during the tax year, the person who
(1) the person filed a false statement or report with the intent to com-
owns or acquires the property on the date applicability of the exemp-
mit fraud or to evade the tax; or
tion terminates shall render the property for taxation within 30 days
(2) the person alters, destroys or conceals any record, document or
after the date of termination. If the chief appraiser denies an applica-
thing, or presents to the chief appraiser any altered or fraudulent
tion for an exemption for property subject to rendition pursuant to Tax
record, document or thing, or otherwise engages in fraudulent
Code Section 22.01(a), the person who owns the property on the date
conduct, for the purpose of affecting the course or outcome of
the application is denied shall render the property for taxation in the
an inspection, investigation, determination or other proceeding
required manner within 30 days after the date of denial.
before the appraisal district.
INSPECTION OF PROPERTY: Pursuant to Tax Code Section 22.07,
SPECIAL INSTRUCTIONS: Effective Jan. 1, 2014, certain dealers of
the chief appraiser or his authorized representative may enter the
motor vehicle inventory may elect to file renditions under Tax Code
premises of a business, trade or profession and inspect the property
Chapter 22, rather than file declarations and tax statements under
to determine the existence and market value of tangible personal
Tax Code Chapter 23. Tax Code Section 23.121(a)(3) allows a dealer
property used for the production of income and having a taxable situs
to make this election if it (1) does not sell motor vehicles that are
in the district.
self-propelled and designed to transport persons or property on a
REQUEST FOR STATEMENT REGARDING VALUE: Pursuant to Tax
public highway; (2) meets either of the following two requirements: (a)
Code Section 22.07, the chief appraiser may request, either in writing
the total annual sales from the inventory, less sales to dealers, fleet
or by electronic means, that the property owner provide a statement
transactions, and subsequent sales, for the preceding tax year are 25
containing supporting information indicating how value rendered was
percent or less of the dealer’s total revenue from all sources during
determined. The property owner must deliver the statement to the
that period, or (b) the dealer did not sell a motor vehicle to a person
chief appraiser, either in writing or by electronic means, not later than
other than another dealer during the preceding tax year and the dealer
the 21st day after the date the chief appraiser’s request is received.
estimates that the dealer’s total annual sales from the dealer’s motor
The statement must:
vehicle inventory, less sales to dealers, fleet transactions, and sub-
(1) Summarize information sufficient to identify the property, including:
sequent sales, for the 12-month period corresponding to the current
tax year will be 25 percent or less of the dealer’s total revenue from
(A) the physical and economic characteristics relevant to the
all sources during that period; (3) files with the chief appraiser and the
opinion of value, if appropriate; and
tax collector by Aug. 31 of the tax year preceding Jan. 1 on a form
(B) the source of the information used;
prescribed by the comptroller a declaration that the dealer elects not
(2) state the effective date of the opinion of value; and
to be treated as a dealer under Tax Code Section 23.121 in the cur-
(3) explain the basis of the value rendered.
rent tax year; AND (4) renders the dealer’s motor vehicle inventory in
the current tax year by filing a rendition with the chief appraiser in the
manner provided by Tax Code Chapter 22. A dealer who makes this
election must file the declaration annually with the chief appraiser and
the tax collector by Aug. 31 of the preceding tax year, so long as the
dealer meets the eligibility requirements of law.
Effective Jan. 1, 2014, a dealer of heavy equipment inventory may
render its inventory by filing a rendition statement or property report
as provided by Tax Code Chapter 22. If the dealer files a rendition, the
dealer is not considered to be a dealer as defined by Tax Code Sec-
tion 23.1241(a)(1). A heavy equipment inventory dealer has the option
to render or to file declarations and tax statements, without filing addi-
tional declarations with the chief appraiser or tax collector.
comptroller.texas.gov/taxes/property-tax
Page 4
For more information, visit our website:
50-144 • 11-16/19
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