Form 50-113 - Application For Exemption Of Goods Exported From Texas Page 2

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P r o p e r t y T a x

A p p l i c a t i o n f o r E x e m p t i o n o f G o o d s E x p o r t e d f r o m Te x a s

Form 50-113

STEP 4: Answer these questions about your property

For the purposes of this application, “inventory” means your inventory of finished goods, supplies, raw materials and work in progress.



Will portions of this inventory be transported out of state this year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes



Have you applied for appraisal of your inventory on September 1? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes



Were portions of your inventory transported out of this state throughout last year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

If “No,” because inventory transported only part of year, give the months during which portions of your inventory were transported out of the state last year.

________________________________________________________________________________________________

1. Give the total cost of goods sold for the entire year ending December 31,

________

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

__________________________

2. Give the total cost of goods sold that were shipped out of Texas within 175 days of the date you acquired them in or

brought them into Texas last year, less the cost of any goods, raw materials or supplies incorporated into them that were

not eligible for the freeport exemption or were in Texas more than 175 days.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

__________________________

3. On what types of records do you base the amounts given above? (Check as many as apply.)



Audited financial statement

Sales records

Internal reports



Bills of lading

Texas franchise tax reports

Other (describe)

_________________________________

4. Percentage of last year’s value represented by freeport goods (divide 2 by 1).

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

_________________________

5. Will the percentage of goods transported out of Texas this year be significantly different than the



percentage transported out last year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

6. If “Yes,” why?

_______________________________________________________________________________________________________________

____________________________________________________________________________________________________________________________

7. What was the market value of your inventory on January 1 of this year (or September 1 of last year, if you have

qualified for September 1 inventory appraisal)?

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

__________________________

8. What is the value of the inventory you claim will be exempt this year

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

__________________________

STEP 5: Sign the form

I certify that the information in this document and all attachments is true and correct to the best of my knowledge and belief.

______________________________________________________________________

____________________________

Authorized signature

Date

______________________________________________________________________

Title

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 Texas Penal

Code Section 37.10.

* You are required to give us this information on this form, in order to perform tax related functions for this office. Section 11.43 of the Tax Code authorizes

this office to request this information to determine tax compliance. The chief appraiser is required to keep the information confidential and not open to public

inspection, except to appraisal office employees who appraise property and as authorized by Section 11.48(b), Tax Code.

OTHER IMPORTANT INFORMATION

Pursuant to Tax Code, §11.45, the chief appraiser may request additional information from you. You must provide the additional information within

30 days of the request or the application is denied. The chief appraiser, for good cause shown, may extend the deadline for furnishing the additional

information by written order for a single period not to exceed 15 days.

For more information, visit our Web site:

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