Fillable Dealer Motor Vehicle Inventory Tax Statement printable pdf download

P r o p e r t y T a x

Dealer’s Motor Vehicle Inventory Tax Statement

Form 50-246

CONFIDENTIAL

________________

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Page

of pages

Reporting Month

Year

(512) 854-9473

Travis County Assessor-Collector

P O Box 149328 Austin, TX 78714-9328

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Send Original to: County Tax Office Name and Address

Phone (area code and number)

Travis Central Appraisal District

P O BOX 149012 AUSTIN, TX 78714-9012

(512) 834-9317

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Send Copy to: Appraisal District Name and Address

Phone

(area code and number)

This document must be filed with the county tax assessor-collector’s office and the appraisal district office in the county in which your business

is located. Do not file this document with the office of the Texas Comptroller of Public Accounts. Location and address information for the county

tax assessor-collector’s office in your county may be found at comptroller.texas.gov/propertytax/references/directory/tac. Location and address

information for the appraisal district office in your county may be found at comptroller.texas.gov/propertytax/references/directory/cad.

GENERAL INSTRUCTIONS: This inventory tax statement must be filed by a dealer of motor vehicles pursuant to Tax Code Section 23.122. This statement

is filed together with an amount equal to the total amount of the unit property tax assigned to all motor vehicles sold in the preceding month. File a separate

statement for each business location and retain documentation relating to the disposition of each vehicle.

ALTERNATIVE ELECTION: Effective Jan. 1, 2014, certain dealers of motor vehicle inventory may elect to file renditions under Tax Code Chapter 22, rather

than file declarations and tax statements under Tax Code Chapter 23. Tax Code Section 23.121(a)(3) allows a dealer to make this election if it (1) does

not sell motor vehicles that are self-propelled and designed to transport persons or property on a public highway; (2) meets either of the following two

requirements: (a) the total annual sales from the inventory, less sales to dealers, fleet transactions, and subsequent sales, for the preceding tax year are

25 percent or less of the dealer’s total revenue from all sources during that period, or (b) the dealer did not sell a motor vehicle to a person other than

another dealer during the preceding tax year and the dealer estimates that the dealer’s total annual sales from the dealer’s motor vehicle inventory, less

sales to dealers, fleet transactions, and subsequent 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 all sources during that period; (3) files with the chief appraiser and the tax collector by Aug. 31 of the preceding tax year on a

form prescribed by the Comptroller a declaration that the dealer elects not to be treated as a dealer under Tax Code Section 23.121 in the current 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 election 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.

WHERE TO FILE: Each statement and prepayment of taxes must be filed with the county tax assessor-collector and a copy of each statement must be filed

with the chief appraiser.

STATEMENT DEADLINES: Except as provided by Tax Code Section 23.122(g), a statement and prepayment of taxes must be filed on or before the 10th

day of each month.

PENALTIES: A dealer who fails to file a statement as required commits a misdemeanor offense punishable by a fine not to exceed $100. Each day during

which a dealer fails to comply is a separate violation. In addition to other penalties provided by law, a dealer who fails to file or timely file a statement must

forfeit a penalty of $500 for each month or part of a month in which a statement 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. In addition to other penalties provided by law, an owner who fails to remit unit property tax

due must pay a penalty of 5 percent of the amount due. If the amount due is not paid within 10 days after the due date, the owner must pay an additional 5

percent of the amount due. Unit property taxes paid on or before Jan. 31 of the year following the date on which they are due are not delinquent.

OTHER IMPORTANT INFORMATION

The chief appraiser or collector may examine documents held by a dealer in the same manner and subject to the same conditions as provided by Tax Code

Section 23.121(g) and 23.122(f).

STEP 1: Dealer Information

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Name of Dealer

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Mailing Address

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City, State, ZIP Code