Form 50-265 - Dealer'S Heavy Equipment Inventory Declaration - 2006 Page 3

Download a blank fillable Form 50-265 - Dealer'S Heavy Equipment Inventory Declaration - 2006 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form 50-265 - Dealer'S Heavy Equipment Inventory Declaration - 2006 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

Form

Texas Comptroller of Public Accounts

50-265

SECTION 5: Market Value of Heavy Equipment Inventory

Provide the market value of your net heavy equipment inventory for the current tax year, as computed under Tax Code Section 23.1241. Market value on

Jan. 1 is total annual sales (less fleet transactions, dealer sales, and subsequent sales) for the previous 12-month period corresponding to the prior tax

year divided by 12. If you were not in business on Jan. 1 of the preceding year, report the number of months you were in business and the total number of

sales for those months.

Total annual sales includes the sales price for each sale of heavy equipment inventory in a 12-month period PLUS lease and rental payment(s) received

for each lease or rental in that 12-month period. This will be the same amount as the net heavy equipment inventory transaction amount (reported above)

and divide by 12 to yield your market value for this tax year. If you were not in business on Jan. 1 of the preceding year, the chief appraiser will estimate

your inventory’s market value.

____________________________

Net Heavy Equipment Inventory Sales, Leases

Market Value for Current Tax Year

and Rentals for Prior Year

SECTION 6: Dealer/Owner Statement and Signature

__________________________________________________________________________

, swear or affirm that each fact

Printed Name of Dealer/Owner or Authorized Representative

contained in this declaration is true and correct and that I am the dealer/owner (or his or her authorized representative) of the heavy equipment inventory

described in this declaration.

_______________________________________________

________________________________________

Signature of Dealer/Owner or Authorized Representative

Date

If you make a false statement on this application, you could be found guilty of a Class A misdemeanor or a state jail felony under Penal Code

Section 37.10.

* 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/taxes/property-tax

Page 3

For more information, visit our website:

50-265 • 08-17/7