Form 50-758 - Application For Exemption Of Goods-In-Transit Page 2

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Form 50-758 (01-08/4) - Page 2

Step 4

(continued)

4. Percentage of last year’s inventory value represented by goods-in-transit (divide 2 by 1).

Answer these

5. Will the percentage of goods-in-transit this year be significantly different than the percentage

questions

about your

of goods-in-transit last year? .................................................................................................................... Yes

property

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?

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

Step 5:

and belief.

Sign the form

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 pub-

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

OTHER IMPORTANT INFORMATION

After you file this application, your chief appraiser may require additional information from you before granting the goods-in-transit exemption.

You must provide the additional information within 30 days of the request. If you do not provide the information requested, you forfeit the right

to receive the exemption for this year.