Fillable Form 50-265 - Dealer'S Heavy Equipment Inventory Declaration (Page 2 of 3) in pdf

P r o p e r t y T a x

D e a l e r ’ s H e a v y E q u i p m e n t I n v e n t o r y D e c l a r a t i o n

Form 50-265

SECTION 5: BREAKDOWN OF UNITS SOLD, LEASED, OR RENTED AND TRANSACTION AMOUNT

Complete the boxes on the number of units sold, leased or rented and the transaction amounts for the preceding year. See last page for definitions.

Part I. Number of Units of Heavy Equipment: Breakdown of sales, rentals, and leases for the previous 12-month period corresponding to the prior tax

year. Provide the number of units for the business location for which you are declaring inventory (identified in SECTION 2). If you were not in business for

the entire 12-month period, report the sales, leases, and rentals for the months you were in business.

_______________________

________________________

Net Heavy Equipment Inventory

Fleet Transactions

Dealer Sales

Subsequent Sales

Part II. Transaction Amount: Breakdown of sales, leases, and rentals amounts for the previous 12-month period corresponding to the prior tax year.

Provide the transaction amounts for the business location for which you are declaring inventory (identified in SECTION 2). If you were not in business for the

entire 12-month period, report the sales, leases, and rentals for the months you were in business.

______________________

_______________________

Net Heavy Equipment Inventory

Fleet Transactions

Dealer Sales

Subsequent Sales

SECTION 6: MARKET VALUE OF YOUR HEAVY EQUIPMENT INVENTORY

State the market value of your net heavy equipment inventory for the current tax year, as computed under Tax Code §23.1241. Market value on January 1 is

total annual sales (less fleet transactions, dealer sales, and subsequent sales) for the previous 12-month period corresponding to the prior tax year divided

by 12. If you were not in business for the entire 12-month period, report the number of months you were in business and the total number of sales for those

months; the chief appraiser will estimate your inventory’s market value.

Total annual sales includes the sales price for each sale of heavy equipment inventory in a 12-month period PLUS lease and rental payment(s) received for

each lease or rental in that 12-month period. This will be the same amount as the net heavy equipment inventory transaction amount (see Section 5, the

first box in Part II) and divide by 12 to yield your market value for this tax year. If you were not in business for the entire preceding year, the chief appraiser

will estimate your inventory’s market value.

____________________________

Net Heavy Equipment Inventory Sales, Leases,

Market Value for Current Tax Year

and Rentals for Prior Year

SECTION 7: SIGN THE FORM

By signing this declaration, you certify that the dealer identified in Section 1 is the owner of a dealer’s heavy equipment inventory.

_____________________________________________________________________

On Behalf of (name of dealer)

_____________________________________________________________________

___________________________

Authorized Signature