Business Personal Rendition – Fill Out and Use This PDF

Business Personal Rendition PDF Details

Purpose of Form 50-144

This form is the official Texas declaration for tangible personal property used to produce income. File it with your local county appraisal district, not with the Comptroller of Public Accounts. It helps officials assess the value of assets owned or controlled within the county.

Who Is Required to File?

Owners of taxable property used for income production as of January 1 are required to file. This law is established under Tax Code Section 22.01. Sole proprietors, corporations, partnerships, and nonprofits with income-producing assets all fall under this requirement.

Asset Categories on the Rendition Forms

Annual renditions must account for inventory and raw materials, supplies, vehicles and trailers, furniture, fixtures, machinery, equipment, and computers. Schedule A lists general assets. Schedule B covers inventory. Schedule C covers supplies. Schedule D covers vehicles. The situs location of each category must be recorded accurately.

Deadline and Penalties

April 15 is the annual filing deadline. Missing it results in a 10% penalty on any additional amount owed. The chief appraiser may estimate the appraised value of your assets if you do not file. Renditions that fall within 10% of the final appraised value are not subject to additional penalties. Related forms: Form 50-285 and the Property Return form.

How Appraisal Districts Use Filed Renditions

County appraisal districts use filed renditions to set assessed values for the taxation year. This information helps the chief appraiser determine fair value across the jurisdiction. It also ensures that property is appraised equitably under state law, benefiting all owners in the district. Copies of annual rendition forms are available at each county appraisal district office. Owners may also request an extension if additional time is required to gather supporting records.