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 3: Authorized Agent’s Name

____________________________________________________________________________________________________

Authorized Agent’s Name (if different for above)

____________________________________________________________________________________________________

Mailing Address

______________________________________________________________________

____________________________

City, State, ZIP Code

Phone (area code and number)

STEP 4: Describe the Property for Which You are Seeking an Exemption

____________________________________________________________________________________________________

Appraisal District Account Number (if known) (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)

STEP 5: 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 6: Read, Sign, and Date

By signing this application, you certify that the information provided in this application and all attachments is true and correct to the best of your 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 Section 37.10, Penal Code.

For more information, visit our Web site:

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