Form 50-113 - Application For Exemption Of Goods Exported From Texas

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P r o p e r t y T a x

Application for Exemption of Goods Exported from Texas

Form 50-113

(“Freeport Exemption”)

__________________

YEAR

______________________________________________________________________

____________________________

Appraisal district’s name

Phone (area code and number)

____________________________________________________________________________________________________

Address

INSTRUCTIONS: This exemption applies to “freeport goods” as governed by Texas Constitution, Article VIII, Section 1-j and Tax Code, Section 11.251. The exemption

applies to items in your inventory that (1) are or will be forwarded out of Texas within 175 days of the date you acquire them or bring them into Texas and (2) are in

Texas for assembling, storing, manufacturing, repair, maintenance, processing or fabricating purposes. The exemption does not apply to oil, natural gas, or liquid or

gaseous materials that are immediate derivatives of refining of oil or natural gas. The phrase “liquid or gaseous materials that are the immediate derivatives of the

refining of oil or natural gas” is defined in Comptroller Rule 9.4201. The amount of the exemption for this year is normally based on the percentage of your inventory

made up by such goods last year.

You must file the completed exemption application form between January 1 and no later than April 30 of the year for which you are requesting an exemption.

You must furnish all information required by the application. You may file a late application up to midnight the day before the appraisal review board approves the

appraisal records for the year for which you are requesting an exemption. Pursuant to Tax Code, §11.4391, if you do file a late application and your application

is approved, you are liable to each taxing unit for a penalty equal to 10 percent of the difference between the amount of tax imposed by the taxing unit on the

inventory or property, a portion of which consists of freeport goods, and the amount that would otherwise have been imposed.

You must apply for the exemption in each year you claim an exemption.

STEP 1: Owner’s name and address

____________________________________________________________________________________________________

Owner’s Name

____________________________________________________________________________________________________

Current mailing address

______________________________________________________________________

____________________________

City, state, ZIP code

Phone (area code and number)

___________________________________

________________________________

____________________________

Name of person preparing this application

Driver’s License, Personal ID Certificate, or Social Security Number*

Birth Date**

STEP 2: Authorized agent’s name

____________________________________________________________________________________________________

Authorized agent’s name (if different for above)

____________________________________________________________________________________________________

Mailing address

______________________________________________________________________

____________________________

City, state, ZIP code

Phone (area code and number)

STEP 3: Describe the property

____________________________________________________________________________________________________

Appraisal district account number (Give appraisal roll account number if available or attach tax bill or copy of appraisal or tax office correspondence concerning this account. If unavailable, give the street

address at which the property is located.)

____________________________________________________________________________________________________

Location of inventory (street address, city, ZIP Code)

____________________________________________________________________________________________________

Give a general description of the types of items in this inventory. (use additional sheets if necessary)

____________________________________________________________________________________________________

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

For more information, visit our Web site:

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

50-113 • 03-11/12