Fillable Form 50-265 - Dealer'S Heavy Equipment Inventory Declaration

Form

Texas Comptroller of Public Accounts

50-265

Dealer’s Heavy Equipment Inventory Declaration

C O N F I D E N T I A L

__________

_________

Year:

Page

of Pages

_____________________________________________________________________

___________________________

Send Original To: Appraisal District Name

Phone (area code and number)

_____________________________________________________________________

___________________________

Appraisal District Address, City, State, ZIP Code

Appraisal District’s Website Address

_____________________________________________________________________

___________________________

Send Copy to: Assessor-Collector’s Name

Phone (area code and number)

_____________________________________________________________________

___________________________

Assessor-Collector’s Office Address, City, State, ZIP Code

Assessor-Collector’s Office Website Address

GENERAL INFORMATION: Tax Code Section 23.1241 requires heavy equipment inventory dealers to file a declaration with the chief appraiser and a copy

with the assessor-collector.

FILING INSTRUCTIONS: You must file an original completed declaration with the county appraisal district’s chief appraiser and a copy of the original with

the assessor-collector. Do not file this document with the Texas Comptroller of Public Accounts. A directory with contact information for appraisal districts

and county assessor-collectors may be found on the Comptroller’s website.

FILING DEADLINES: Except as provided by Tax Code Section 23.1242(k), a declaration must be filed not later than Feb. 1 each year. If the dealer is not

in business on Jan. 1, a declaration must be filed not later than 30 days after starting the business.

FILING PENALTIES: In addition to other penalties provided by law, a dealer who fails to file or timely file a required declaration must forfeit a penalty

of $1,000 for each month or part of a month in which a declaration is not filed or timely filed after it is due. A tax lien attaches to the dealer’s business

personal property to secure payment of the penalty.

OTHER IMPORTANT INFORMATION

The chief appraiser may examine the books and records of a dealer including documentation regarding the applicability of Tax Code Sections 23.1241 and

23.1242 and sales records to substantiate the information filed in this declaration.

SECTION 1: Dealer/Owner Information

Provide the following information regarding the dealer/owner for whom this inventory is being declared.

___________________________________________________________________________________________________

Name of Dealer/Owner

_____________________________________________________________________

___________________________

Website or Email Address*

Phone (area code and number)

___________________________________________________________________________________________________

Current Mailing Address, City, State, Zip Code

SECTION 2: Authorized Representative

If you are an individual dealer filing this declaration on your own behalf, skip to section 3; all other persons are required to complete this section.

Please indicate the basis for your authority to represent the dealer in filing this declaration.

Officer of the company

General partner of the company

Attorney for the company

Agent for tax matters appointed under Tax Code Section 1.111 with completed and signed Form 50-162

_______________________________________________________________________________

Other and explain basis:

The Property Tax Assistance Division at the Texas Comptroller of Public Accounts provides property tax

For more information, visit our website:

comptroller.texas.gov/taxes/property-tax

information and resources for taxpayers, local taxing entities, appraisal districts and appraisal review boards.

50-265 • 08-17/7