Form 50-758 - Application For Exemption Of Goods-In-Transit 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 - I n -T r a n s i t

Form 50-758

STEP 3: Authorized Agent’s Name

___________________________________________________________________________________________________

Authorized Agent’s Name (if different from above)

___________________________________________________________________________________________________

Mailing Address

______________________________________________________________________

___________________________

City, State, ZIP Code

Phone (area code and number)

STEP 4: 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)

STEP 5: Answer these Questions about your Property



(a) Are you applying for the freeport exemption this year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes



(b) Will portions of this inventory be transported inside or out of the state this year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes



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

Yes



(d) Were portions of your inventory transported to another location inside or out of the state throughout last year? . . . . . . . . . . . . .

Yes

If you checked “No,” because inventory was transported for part of year, list the months during which portions of your inventory

were transported to another location 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 acquired in Texas or imported into Texas to forward to another

location, is stored under contract for bailment by a public warehouse operated at one or more public warehouse

facilities in this state that you did not in any way own or controlled and that were transported to another

location within 175 days after the date you acquired them or imported them into the state last year, less the

cost of any equipment, machinery, or material that were incorporated into the goods, but that do not qualify

____________________

as goods-in-transit inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$

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 inventory value represented by goods-in-transit (divide 2 by 1). . . . . . . . . . . . . . . . . . . . . . . .