Fillable Form 50-267 - Retail Manufactured Housing Inventory Declaration (Page 3 of 3) in pdf

P r o p e r t y T a x

R e t a i l M a n u f a c t u r e d H o u s i n g I n v e n t o r y D e c l a r a t i o n

Form 50-267

Instructions for completing

Retail Manufactured Housing Inventory Declaration

Filing deadlines: You must file this declaration not later than

Step 5: Breakdown of sales and sales amounts. Complete

the boxes on number of sales and sales amounts for the

February 1 each year. If you were not in business for the entire year,

you must file this declaration not later than 30 days after starting

preceding year. The top row of boxes is the number of units

your business. Be sure to keep a completed copy for your files and

sold in each category. The bottom row of boxes is the dollar

a blank copy of the form for next year’s filing.

amount sold in each category. The categories include:

Filing places: You must file the original completed declaration with

Retail manufactured housing inventory - all units of

the county appraisal district’s chief appraiser. You must file a copy

manufactured housing held for sale at retail. A “mobile

of the original with the county tax assessor-collector.

home” has the meaning assigned to that term by the Texas

Manufactured Housing Standards Act (Article 5221f, Vernon’s

Filing penalties: Failure to file this form is a misdemeanor offense

Texas Civil Statutes). A “HUD-code manufactured home” has

punishable by a fine not to exceed $500. Each day that you fail

the meaning assigned to that term by Section 3 of the Act.

to comply is a separate offense. In addition, a tax lien attaches to

“Manufactured housing” is a HUD-code manufactured home or

your business personal property to secure the penalty’s payment.

a mobile home as each would customarily be held by a retailer

The district attorney, criminal district attorney, county attorney,

in the normal course of business in a retail manufactured

chief appraiser or person designated by the chief appraiser shall

housing inventory.

collect the penalty, with action in the county in which you maintain

your principal place of business or residence. You also will forfeit a

Retailer sales - sales of manufactured housing to another

penalty of $1,000 for each month or part of a month in which this

retailer.

declaration is not filed after it is due.

Subsequent sales - retailer-financed sales of manufactured

Review of records: The chief appraiser may examine your books

housing that, at the time of sale, have retailer financing from

and records for (1) the document issued by Texas Department of

your manufactured housing inventory in this same calendar

Housing and Community Affairs for your retailer’s licensing number;

year. The first sale of a retailer-financed unit is reported as a

(2) documents to determine if this declaration applies to you; and (3)

manufactured housing inventory sale, with sale of this same

sales records to check information on this declaration. To examine

unit later in the year classified as a subsequent sale.

your records, the chief appraiser must deliver personally a written

Net retail manufactured housing inventory - manufactured

request to your records’ custodian. You have at least 15 days to

housing inventory less retailer sales and subsequent sales.

respond to the request, or you may seek court action for relief from

complying with the request. Failure to comply with the request is a

Step 6: Market value of your manufactured housing

misdemeanor punishable by a fine not to exceed $500. Each day

inventory. Enter the dollar sales amount in the net retail

that you fail to comply is a separate violation.

manufactured housing inventory breakdown (see Step 5, the

first box in the second row) and divide by 12 to yield your

Step 1: Owner’s name and address. Give the corporate, sole

market value for this tax year. If you were not in business for

proprietorship or partnership’s name, including mailing address

the entire preceding year, the chief appraiser will determine

and telephone number of the actual business location required

your inventory’s market value using the sales information that

by the inventory declaration (not of the owner).

you report in Step 5.

Step 2: Required information about the business. Give

Step 7: Sign the form. Sign and enter the date if you are the

the name of the business if different from the corporation or

person completing this declaration.

individual’s name. The address here is the actual physical

location of the business.

Step 3: Information about the business. Include your

business’ account number from the appraisal district’s notice

of appraised value. Give the date your business opened if not

in business January 1 of this year.

Step 4: Ownership statement. Give the owner’s name.

For more information, visit our Web site:

50-267 • 09-09/3 • Page 3

Form 50-267 - Retail Manufactured Housing Inventory Declaration Page 3

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