Fillable Form 50-815 - Dealer'S Motor Vehicle Inventory Election For Rendition printable pdf download

P r o p e r t y T a x

Dealer’s Motor Vehicle Inventory Election for Rendition

Form 50-815

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Appraisal District Name and Address

Phone (area code and number)

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County Tax Office Name and Address

Phone (area code and number)

This document must be filed with the appraisal district office and the county tax assessor-collector’s office in the county in which your business

is located. It must not be filed with the office of the Comptroller of Public Accounts. Location and address information for the appraisal district

office in your county may be found at Location and address information for the

county tax assessor-collector’s office in your county may be found at

GENERAL INSTRUCTIONS: This form is for use by a dealer that elects not to be treated as a dealer under Tax Code Section 23.121 and opts to render

the dealer’s motor vehicle inventory by filing a rendition with the chief appraiser in the manner provided by Tax Code Chapter 22. For purposes of Tax Code

Section 23.121, “dealer” means a person who holds a dealer’s general distinguishing number issued by the Texas Department of Motor Vehicles under the

authority of Transportation Code Chapter 503, or who is legally recognized as a motor vehicle dealer pursuant to the law of another state and who complies

with the terms of Section 152.063(f). A dealer who, pursuant to Tax Code Section 23.121 has elected not to be treated as a dealer and to render the dealer’s

motor vehicle inventory, must continue to file this form each year and render the dealer’s motor vehicle inventory so long as the dealer meets the applicable

requirements.

Note: The following are not considered “dealers” for purposes of Tax Code Sections 23.121 and 23.122 and are, therefore, not subject to the

declaration requirements of that section (see Comptroller Form 50-244 – Dealer’s Motor Vehicle Inventory Declaration and Comptroller Form

50-246 –Dealer’s Motor Vehicle Inventory Tax Statement).

(1) a person who holds a manufacturer’s license issued under Occupations Code Chapter 2301;

(2) an entity that is owned or controlled by a person who holds a manufacturer’s license issued under Occupations Code Chapter 2301;

(3) a dealer whose general distinguishing number issued by the Texas Department of Motor Vehicles under the authority of Transportation Code

Chapter 503, prohibits the dealer from selling a vehicle to any person except a dealer; or

(4) a dealer who:

(A) does not sell motor vehicles described by Section 152.001(3)(A);

(B) meets either of the following requirements:

(i) the total annual sales from the dealer’s motor vehicle inventory, less sales to dealers, fleet transactions, and subsequent sales, for the

12-month period corresponding to the preceding tax year are 25 percent or less of the dealer’s total revenue from all sources during that

period; or

(ii) the dealer did not sell a motor vehicle to a person other than another dealer during the 12-month period corresponding to the preceding

tax year and the dealer estimates that the dealer’s total annual sales from the dealer’s motor vehicle inventory, less sales to dealers, fleet

transactions, and subsequent sales, for the 12-month period corresponding to the current tax year will be 25 percent or less of the dealer’s

total revenue from all sources during that period;

(C) not later than Aug. 31 of the preceding tax year, filed with the chief appraiser and the collector a declaration on a form prescribed by the

comptroller stating that the dealer elected not to be treated as a dealer under this section in the current tax year; and

(D) renders the dealer’s motor vehicle inventory in the current tax year by filing a rendition with the chief appraiser in the manner provided by

Chapter 22.

WHERE TO FILE: This form must be filed with the chief appraiser and the county tax assessor-collector.

FILING DEADLINES: This form must be filed for each tax year for which a dealer elects not to be treated as a dealer no later than Aug. 31 of the preceding

tax year. A dealer who is electing to file this form and opt to render their motor vehicle inventory is required to continue filing this election form and rendering

the motor vehicle inventory annually so long as they meet the requirements.

State the Year for Which You are Applying

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Tax Year

STEP 1: Dealer Information

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Name of Dealer

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Mailing Address

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City, State, Zip Code