Form 50-147 - Application For Allocation Of Value For Personal Property Used In Interstate Commerce, Commercial Aircraft, Business Aircraft, Motor Vehicle(S), Or Rolling Stock Not Owned Or Leased By A Railroad

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Form
Texas Comptroller of Public Accounts
50-147
Application for Allocation of Value for Personal Property
Used in Interstate Commerce, Commercial Aircraft, Business
Aircraft, Motor Vehicle(s), or Rolling Stock Not Owned or
Leased by a Railroad
____________________________________________________________________
_____________________________
Appraisal District’s Name
Phone (area code and number)
_______________________________________________
___________________
______________
_____________
Address
City
State
Zip Code
Instructions for Application
GENERAL INSTRUCTIONS: This form is for use in claiming an allocation of value for property having taxable situs in Texas and subject to the provisions of
Tax Code Sections 21.03 (interstate allocation), 21.05 (commercial aircraft) or 21.055 (business aircraft), according to Tax Code Section 21.09(a). Form 50-146 is
for use in claiming an allocation of value for vessels and other watercraft used outside of Texas, according to Tax Code Sections 21.031 and 21.09(a).
RENDITION OF VALUE: The filing of a rendition of value under Tax Code Chapter 22 is not a condition of qualification for allocation of the value of prop-
erty used in interstate commerce, vessels or other watercraft, commercial aircraft or business aircraft. Tangible personal property used for the production of
income must be rendered, according to the provisions of Tax Code Section 22.01, on a separate form (50-145). Failure to file a rendition timely or at all will
subject the property owner to monetary penalties provided by Tax Code Sections 22.28 and 22.29; however, failure to file a rendition will not cause the prop-
erty to be disqualified from allocation of value if the property otherwise qualifies and the filing deadlines are met.
FILING INSTRUCTIONS: This document and all supporting documentation must be filed with the appraisal district office in the county in which the
property is taxable. Do not file this document with the Texas Comptroller of Public Accounts. A directory with contact information for appraisal district offices
may be found on the Comptroller’s website.
APPLICATION DEADLINES: A person claiming an allocation must apply for the allocation each year the person claims the allocation. A person claiming an
allocation must file a completed allocation application before May 1 and must provide the information required by this form. If the property was not on the
appraisal roll in the preceding year, the deadline for filing the allocation application form is extended to the 45th day after the date of receipt of the notice of
appraised value required by Tax Code Section 25.19(a)(3). For good cause shown, the chief appraiser shall extend the deadline for filing an allocation appli-
cation form by written order for a period not to exceed 60 days [Tax Code Section 21.09(b)].
LATE APPLICATION, PENALTY AND NOTICE: The chief appraiser shall accept and approve or deny an application for an allocation of value after the
deadline for filing if the application is filed before the date the appraisal review board approves the appraisal records. If the application is approved, the
property owner is liable to each taxing unit for a penalty in an amount equal to 10 percent of the difference between the amount of tax imposed by the tax-
ing unit on the property without the allocation and the amount of tax imposed on the property with the allocation. The chief appraiser shall deliver a written
notice of imposition of the penalty with an explanation to the property owner. The amount of the penalty shall be added to the tax bill at the time and in the
manner the collector collects the tax. The penalty amount constitutes a lien against the property and accrues penalty and interest in the same manner as a
delinquent tax.
VERIFICATION AND CANCELLATION OF VALUE ALLOCATION: If the chief appraiser learns of any reason indicating that an allocation previously allowed
should be canceled, the chief appraiser shall investigate. If the chief appraiser determines that the property is not entitled to an allocation, the chief appraiser
shall cancel the allocation and deliver written notice of the cancellation not later than the 5th day after the date the chief appraiser makes the cancellation.
State the Year for Which You are Applying for Allocation of Value
___________________
Tax Year
STEP 1: Property Owner’s Name and Address
___________________________________________________________________________________________________
Name of Property Owner
___________________________________________________________________________________________________
Mailing Address
______________________________
____________________
_________________
__________________________
City
State
ZIP Code
Phone (area code and number)
The Property Tax Assistance Division at the Texas Comptroller of Public Accounts provides property tax
For more information, visit our website:
comptroller.texas.gov/taxes/property-tax
information and resources for taxpayers, local taxing entities, appraisal districts and appraisal review boards.
50-147 • 03-17/4

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