Property Tax Form 50-776 - Texas Comptroller Page 2

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E x e m p t i o n A p p l i c a t i o n f o r N o n p r o f i t C o m m u n i t y B u s i n e s s O r g a n i z a t i o n

P r o p e r t y T a x

P r o v i d i n g E c o n o m i c D e v e l o p m e n t S e r v i c e s t o L o c a l C o m m u n i t y

Form 50-776

Step 3: Nonprofit Community Business Organization (continued)



Is your organization a nonprofit organization described by Section 501(c)(6), Internal Revenue Code of 1986? . . . . . . . . . . . . . . . . .

Yes



Is your organization not a statewide organization? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes



Has your organization maintained a dues-paying membership of at least 50 members for at least the preceding three years?

. . . . .

Yes



Is your organization’s board of directors elected by the members? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes



Does your organization not compensate members of the board of directors for service on the board?. . . . . . . . . . . . . . . . . . . . . . . .

Yes

Is your organization primarily supported by membership dues and other income from activities substantially related to its



primary functions? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

Is it true that your organization is not, has not formed, and does not financially support a political committee



as defined by Section 251.001, Election Code? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

Step 4: Type A or B Corporation-Nonprofit Community Business Organization

Is your organization a Type A corporation governed by Local Government Code Chapter 504 or a Type B corporation governed



by Local Government Code Chapter 505?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

Step 5: Economic Development Services and Property for which Your Organization is Requesting an Exemption

If you cannot answer “yes” to each of the following questions, your organization does not qualify for the exemption.

Is your organization engaged primarily in performing one or more of the following functions in the local community:

1. promoting the common economic interests of commercial enterprises;

2. improving the business conditions of one or more types of business; or



3. otherwise providing services to aid in economic development? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes



Does your organization own the property for which you are seeking an exemption? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

Other than use that is incidental to the use by your organization and limited to activities that benefit the beneficiaries of your



organization, is the property used exclusively by your organization to perform its primary function? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

Step 6: Property that Qualifies for the Exemption

Place an “x” or check mark in the appropriate box below to identify the types of property the nonprofit community business organization owns and for which

it is applying for an exemption from taxation under Section 11.231 of the Tax Code:



Real property:

The building(s), which includes the land that is reasonably necessary for its use, access and ornamentation, identified in the pages

attached as

Schedule A: Description of Real Property.

Complete and attach to this application a separate Schedule A: Description of Real Property,

for

each building for which you are claiming an exemption.



Personal Property:

The tangible personal property identified in the pages attached as

Schedule B: Description of Personal Property. Complete and

att

ach to this application the

Schedule B: Description of Personal Property

the tangible personal property for which you are claiming an exemption.

Step 7: Attach Evidence

Submit with this application the organization’s bylaws, charter, and other organizational documents establishing it as a nonprofit corporation under the Texas

Nonprofit Corporation Law, as described by Section 1.008, Business Organizations Code, and pursuant to Section 501(c)(6), Internal Revenue Code of 1986;

a Type A corporation governed by Chapter 504, Local Government Code; or a Type B corporation governed by Chapter 505, Local Government Code. The

chief appraiser may request additional documentation from the organization to support this application.

STEP 8: Certification and Signature

NOTICE REGARDING PENALTIES FOR MAKING OR FILING AN APPLICATION CONTAINING A FALSE STATEMENT: 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 the following:

Printed Name of Property Owner or Authorized Representative

(1) that each fact contained in this application is true and correct; (2) that the property described in this application meets the qualifications under Texas

law for the exemption claimed; (3) and that I have read and understand the Notice Regarding Penalties for Making or Filing an Application Containing a

False Statement.”

________________________________________________

________________________________________

Signature of Property Owner or Authorized Representative

Date

Disclosure of your social security number (SSN) may be required and is authorized by law for the purpose of tax administration and identification of any individual affected by

applicable law. Authority: 42 U.S.C. § 405(c)(2)(C)(i); Tax Code § 11.43(f). Except as authorized by Tax Code Section 11.48(b), a driver’s license number, personal identification

certificate number, or social security number provided in this application for an exemption filed with your county appraisal district is confidential and not open to public

inspection under Tax Code Section 11.48(a).

** An email address of a member of the public could be confidential under Government Code Section 552.137; however, by including the email address on this form, you are

affirmatively consenting to its release under the Public Information Act.

comptroller.texas.gov/taxinfo/proptax

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