Fillable Form 50-244 - Dealer'S Motor Vehicle Inventory Declaration

P r o p e r t y T a x

D e a l e r ’ s M o t o r V e h i c l e I n v e n t o r y D e c l a r a t i o n

Form 50-244

Instructions

Step 2. Required information about the business. Give the name

Filing deadlines. You must file this declaration not later than Feb-

ruary 1 each year. If you were not in business for the entire year,

of the business if different from the corporation or individual’s name. The

you must file this declaration not later than 30 days after starting

address here is the actual physical location of the business.

your business. You are presumed to have started your business

on the date you were issued a dealer’s general distinguishing

Step 3. Information about the business. Include your business’ account

number. The chief appraiser, however, has discretion to designate

number from the appraisal district’s notice of appraised value. Give the

a different starting date. Be sure to keep a completed copy of this

date your business opened if not in business January 1 of this year.

declaration for your files and a blank copy of the form for next

year’s filing.

Step 4. Ownership statement. Give the owner’s name.

Filing Places. You must file the original completed declaration

Step 5. Breakdown of sales and sales amounts. Complete the

with the county appraisal district’s chief appraiser. You must file

boxes on number of sales and sales amounts for the preceding year. The

a copy of the original with the county tax assessor-collector. The

top row of boxes is the number of units sold in each category. The bottom

addresses and phone numbers for both offices are at the top of

row of boxes is the dollar amount sold in each category. The categories

the form.

include:

Filing penalties. Failure to file this form is a misdemeanor offense

•

Motor vehicle inventory – sales of motor vehicles. A motor vehicle

punishable by a fine not to exceed $500. Each day that you fail to

is a fully self-propelled vehicle with at least two wheels which has the

comply is a separate offense. In addition, a tax lien attaches to

primary purpose of transporting people or property and includes a

your business personal property to secure the penalty’s payment.

towable recreational vehicle. Motor vehicle does not include equip-

The district attorney, criminal district attorney, county attorney,

ment or machinery designed and intended for a specific work-related

chief appraiser, or person designated by the chief appraiser shall

purpose other than transporting people or property.

collect the penalty, with action in the county in which you maintain

•

Fleet sales – motor vehicles included in the sale of five or more

your principal place of business or residence. You also will forfeit

motor vehicles from your inventory to the same buyer within one

a penalty of $1,000 for each month or part of a month in which this

calendar year.

declaration is not filed after it is due.

•

Dealer sales – sales of vehicles to another Texas dealer or a dealer

who is legally recognized in another state as a motor vehicle dealer.

GDN Termination. If you report fewer than five sales of motor

•

Subsequent sales – dealer-financed sales of motor vehicles that, at

vehicles, the chief appraiser must report this fact to the Texas

the time of sale, have dealer financing from your motor vehicle inven-

Department of Transportation (TxDOT). TxDOT has authority to

tory in this same calendar year. The first sale of a dealer-financed

view this form in auditing dealer license compliance. TxDOT must

vehicle is reported as a motor vehicle inventory sale, with sale of this

initiate termination proceedings.

same vehicle later in the year classified as a subsequent sale.

•

Net motor vehicle inventory – Motor vehicle inventory less fleet

Review of records. The chief appraiser may examine your books

sales, dealer sales and subsequent sales.

and records for (1) the document issued by Texas Department of

Step 6. Market value of your motor vehicle inventory. Enter the

Transportation for your general distinguishing number; (2) docu-

ments to determine if this declaration applies to you; and (3) sales

dollar sales amount in the net motor vehicle inventory breakdown (see

records to check information on this declaration. To examine your

Step 5, the first box in the second row) and divide by 12 to yield your mar-

records, the chief appraiser must deliver personally a written

ket value for this tax year. If you were not in business for the entire preced-

request to your records custodian. You have at least 15 days to

ing year, the chief appraiser will determine your inventory’s market value

respond to the request, or you may seek court action for relief from

using the sales information that you do report in Step 5.

complying with the request. Failure to comply with the request is a

misdemeanor punishable by a fine not to exceed $500. Each day

Step 7. Read, sign, and date. Sign and enter the date if you are the per-

that you fail to comply is a separate violation.

son completing this declaration.

Step 1. Propery Owner’s name and address. Give the corpo-

rate, sole proprietorship or partnership’s name, including mailing

address and telephone number of the actual business location

require by the inventory declaration (not the owner).

For more information, visit our Web site:

50-244 • 09-11/10 • Page 2

Form 50-244 - Dealer'S Motor Vehicle Inventory Declaration - 2011 Page 2

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