Form
Texas Comptroller of Public Accounts
50-265
SECTION 2: Authorized Representative (continued)
Provide the following information for the individual with the legal authority to act for the dealer/owner in this matter.
________________________________________________
________________________________________________
Name of Authorized Representative
Title of Authorized Representative
________________________________________________
________________________________________________
Primary Phone Number (area code and number)
Email Address*
___________________________________________________________________________________________________
Mailing Address, City, State, Zip Code
SECTION 3: Business Information
Provide the name and physical business address of the business location of the inventory that you are declaring in this form. In addition, attach a list with
the name and business address of each location at which you conduct business. If your appraisal district account number is not available, attach a copy of
your tax bill or a copy of appraisal district or tax office correspondence concerning this account.
___________________________________________________________________________________________________
Name of Business Location
___________________________________________________________________________________________________
Business Address, City, State, Zip Code
________________________________________________
________________________________________________
Starting Date of Business (if not in business Jan. 1 of this year)
Appraisal District Account Number
SECTION 4: Units Sold, Leased or Rented and Transaction Amounts
Provide the number of units sold, leased or rented and the transaction amounts for the preceding year for the following categories.
•
Net Heavy Equipment Inventory – Heavy equipment units that have been sold, leased, or rented less fleet transactions, dealer sales and
subsequent sales. Heavy equipment means self-propelled, self-powered or pull-type equipment, including farm equipment or a diesel engine, which
weighs at least 1,500 pounds and is intended to be used for agricultural, construction, industrial, maritime, mining or forestry uses. The term does
not include a motor vehicle that is required to be titled under Transportation Code Chapter 501 or registered under Transportation Code Chapter 502.
•
Fleet Transactions – The sale of five or more items of heavy equipment from your inventory to the same person within one calendar year.
Dealer Sales – Sales of heavy equipment to dealers.
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Subsequent Sales – A dealer-financed sale and that, at the time of sale, has dealer financing from your inventory in this same calendar year. The
•
term does not include a rental or lease with an unexercised purchase option or without a purchase option.
Part 1: Number of Units of Heavy Equipment
Provide the breakdown of sales, rentals and leases for the previous 12-month period corresponding to the prior tax year. Provide the number of units for
the inventory you are declaring. If you were not in business on Jan. 1 of the preceding year, report the sales, leases and rentals for the months you were in
business.
_______________________
_______________________
_______________________
________________________
Net Heavy Equipment Inventory
Fleet Transactions
Dealer Sales
Subsequent Sales
Part 2: Transaction Amounts
Provide the sales, lease and rental transaction amounts for the previous 12-month period corresponding to the prior tax year. Provide the transaction
amounts for the inventory you are declaring. If you were not in business on Jan. 1 of the preceding year, report the transaction amounts for the months you
were in business.
______________________
______________________
______________________
_______________________
$
$
$
$
Net Heavy Equipment Inventory
Fleet Transactions
Dealer Sales
Subsequent Sales
comptroller.texas.gov/taxes/property-tax
Page 2
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50-265 • 08-17/7