Fillable Form 50-266 - Dealer'S Heavy Equipment Inventory Tax Statement printable pdf download

P r o p e r t y T a x

Dealer’s Heavy Equipment Inventory Tax Statement

Form 50-266

C O N F I D E N T I A L

_________________

__________

_________

Reporting Month:

Year:

Page

Pages

_____________________________________________________________________

___________________________

Send Original To: County Tax Office Name and Address

Phone (area code and number)

_____________________________________________________________________

___________________________

Send Copy To: Appraisal District Name and Address

Phone (area code and number)

GENERAL INSTRUCTIONS: This inventory tax statement must filed by a dealer of heavy equipment pursuant to Tax Code §23.1242. This statement is

filed together with an amount equal to the total amount of the unit property tax assigned to all items of heavy equipment sold, leased, or rented in the pre-

ceding month. File a separate statement for each business location. You must retain documentation relating to the disposition of each item sold, leased, or

rented.

WHERE TO FILE: Each statement and prepayment of taxes must be filed with the county tax assessor-collector and a copy of each statement must be

filed with the chief appraiser.

STATEMENT DEADLINES: Except as provided by Tax Code §23.1242(g), a statement and prepayment of taxes must be filed on or before the 10th day of

each month.

PENALTIES: In addition to other penalties provided by law, a dealer who fails to file or timely file a statement must forfeit a penalty of $500 for each month

or part of a month in which a statement is not filed or timely filed after it is due. A tax lien attaches to the dealer’s business personal property to secure

payment of the penalty. In addition to other penalties provided by law, an owner who fails to remit unit property tax due must pay a penalty of 5 percent of

the amount due. If the amount due is not paid within 10 days after the due date, the owner must pay an additional 5 percent of the amount due. Unit prop-

erty taxes paid on or before Jan. 31 of the year following the date on which they are due are not delinquent.

OTHER IMPORTANT INFORMATION

The chief appraiser or collector may examine documents held by a dealer in the same manner and subject to the same conditions as provided by Tax

Code §23.241(g).

SECTION 1: PROVIDE INFORMATION REGARDING THE OWNER AND THE DEALER, INCLUDING THE NAME OF THE OWNER

AND DEALER, THE MAILING ADDRESS, AND PHONE NUMBER.

___________________________________________________________________________________________________

Name of Dealer

_____________________________________________________________________

___________________________

Owner’s Name

Phone (area code and number)

___________________________________________________________________________________________________

Current Mailing Address (number and street)

___________________________________________________________________________________________________

City, State, ZIP Code

SECTION 2: PROVIDE THE BUSINESS’ NAME AND PHYSICAL ADDRESS OF THE BUSINESS LOCATION FOR WHICH YOU ARE

FILING THIS STATEMENT.

Give the appraisal district account number if available or attach tax bill or copy of appraisal or tax office correspondence concerning your account. If your

business opened after Jan. 1 of this year, enter the date the business opened.

___________________________________________________________________________________________________

Name of Business

___________________________________________________________________________________________________

Address (number, street, city, state, ZIP code)

________________________________________________________

________________________________________

Account Number

Date Business Opened, if After Jan. 1

The Property Tax Assistance Division at the Texas Comptroller of Public Accounts provides property tax

For more information, visit our website:

information and resources for taxpayers, local taxing entities, appraisal districts and appraisal review boards.