Form 50 144 – Fill Out and Use This PDF

	Business Personal Property Rendition of Taxable Property		P r o p e r t y Ta x
	Confidential		FORM 50-144
______________________________________________________________________		___________________________
Appraisal District’s Name		Phone (AREA CODE AND NUMBER)

___________________________________________________________________________________________________

Address, City, State, ZIP Code

GENERAL INSTRUCTIONS: This form is for use in rendering, pursuant to Tax Code §22.01, tangible personal property used for the production of income that you own or manage and control as a iduciary on January 1 of this year.

FILING AND DEADLINES: Rendition statements and property reports must be delivered to the chief appraiser after January 1 and not later than April 15, except as provided by Tax Code §22.02. On written request by the property owner, the chief appraiser shall extend a deadline for iling a rendition statement or property report to May 15. The chief appraiser may further extend the deadline an additional 15 days upon good cause shown in writing by the property owner. Pursuant to Tax Code §22.02, if an exemption applicable to a property on January 1 terminates during the tax year, the person who owns or acquires the property on the date applicability of the exemption terminates shall render the property for taxation within 30 days after the date of termination. If the chief appraiser denies an application for an exemption for property subject to rendition pursuant to Tax Code §22.01(a), the person who owns the property on the date the application is denied shall render the property for taxation in the required manner within 30 days after the date of denial.

INSPECTION OF PROPERTY: Pursuant to Tax Code §22.07, the chief appraiser or his authorized representative may enter the premises of a business, trade, or profession and inspect the property to determine the existence and market value of tangible personal property used for the production of income and having a taxable situs in the district.

REQUEST FOR STATEMENT REGARDING VALUE: Pursuant to Tax Code §22.07, the chief appraiser may request, either in writing or by electronic means, that the property owner provide a statement containing supporting information indicating how value rendered was determined. The property owner must deliver the statement to the chief appraiser, either in writing or by electronic means, not later than the 21st day after the date the chief appraiser’s request is received. The statement must:

(1)summarize information sufficient to identify the property, including:

(A)the physical and economic characteristics relevant to the opinion of value, if appropriate; and

(B)the source of the information used;

(2)state the effective date of the opinion of value; and

(3)explain the basis of the value rendered.

If the property owner is a business with 50 employees or less, the property owner may base the estimate of value on the depreciation schedules used for federal income tax purposes. Failure to comply in a timely manner is considered to be a failure to timely render and the Tax Code requires that penalties be applied by the chief appraiser.

PENALTIES: The chief appraiser must impose a penalty on a person who fails to timely ile a required rendition statement or property report in an amount equal to 10 percent of the total amount of taxes imposed on the property for that year by taxing units participating in the appraisal district. The chief appraiser must impose an additional penalty on the person equal to 50 percent of the total amount of taxes imposed on the property for the tax year of the statement or report by the taxing units participating in the appraisal district if it is inally determined by a court that:

(1)the person iled a false statement or report with the intent to commit fraud or to evade the tax; or

(2)the person alters, destroys, or conceals any record, document, or thing, or presents to the chief appraiser any altered or fraudulent record, document, or thing, or otherwise engages in fraudulent conduct, for the purpose of affecting the course or outcome of an inspection, investigation, determination, or other proceeding before the appraisal district.

________________________________________________________________	________________________________
Appraisal District’s Property Identiication Number (IF KNOWN)	Tax Year

___________________________________________________________________________________________________

Property Owner’s Name

___________________________________________________________________________________________________

Present Mailing Address

________________________________________________________________	________________________________
City, State, ZIP Code	Phone (AREA CODE AND NUMBER) (optional)

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.	www.window.state.tx.us/taxinfo/proptax

50-144 • 10-11/9

P r o p e r t y T a x	B u s i n e s s P e r s o n a l P r o p e r t y R e n d i t i o n o f Ta x a b l e P r o p e r t y
FORM 50-144

Please indicate if you are illing out this form as:

Manager Authorized Agent In a iduciary capacity

___________________________________________________________________________________________________

Name of Manager, Authorized Agent, or Fiduciary, if applicable

___________________________________________________________________________________________________

Present Mailing Address

________________________________________________________________	________________________________
City, State, ZIP Code	Phone (area code and number) (optional)

By checking this box, I affirm that the information contained in my most recent rendition statement iled for a prior tax year (this rendition was iled for the ____ tax year), continues to be complete and accurate for the current tax year.

Check the total market value of your property.Under $20,000 $20,000 or more

If you checked “Under $20,000,” please complete only Schedule A. Otherwise, complete Schedule B and/or C, whichever is applicable.

When required by the chief appraiser, you must render any taxable property that you own or manage and control as a iduciary on January 1. [Section 22.01(b), Tax Code] For this type of property, complete Schedule A, B, and/or C, whichever is applicable.

When required by the chief appraiser, you must ile a report listing the name and address of each owner of property that is in your possession or under your management on January 1 by bailment, lease, consignment, or other arrangement. [Section 22.04(a), Tax Code] For this type of property, complete Schedule D.

Are you the property owner, an employee of the property owner, or an employee of a property owner on behalf of an affiliated	Yes No
entity of the property owner?

This form must be signed and dated. By signing this document, you attest that the information contained on it is true and correct to the best of your knowl- edge and belief.

If you checked “Yes” above, sign and date on the irst signature line below. No notarization is required.

		______________________________________________________________	Date ________________________
If you checked “No” above, you must complete the following:
I swear that the information provided on this form is true and correct to the best of my knowledge and belief.
			Date ________________________
		______________________________________________________________
		Subscribed and sworn before me this __________ day of _____________, 20 _____ .

_____________________________________________________

Notary Public, State of Texas

Section 22.26 of the Property Tax Code states:

(a)Each rendition statement or property report required or authorized by this chapter must be signed by an individual who is required to ile the state- ment or report.

(b)When a corporation is required to ile a statement or report, an officer of the corporation or an employee or agent who has been designated in writing by the board of directors or by an authorized officer to sign in behalf of the corporation must sign the statement or report.

If you make a false statement on this form, you could be found guilty of a Class A misdemeanor or a state jail felony under Section 37.10, Penal Code.

For more information, visit our website: www.window.state.tx.us/taxinfo/proptax

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B u s i n e s s P e r s o n a l P r o p e r t y R e n d i t i o n o f Ta x a b l e P r o p e r t y	P r o p e r t y T a x
	FORM 50-144

Deinitions

Personal Property: Every kind of property that is not real property; generally, property that is movable without damage to itself or the associated real property.

Inventory: Personal property that is held for sale to the public by a commercial enterprise.

Type/Category: Functionally similar personal property groups. Examples are: furniture, ixtures, machinery, equipment, vehicles, and supplies. Narrower groupings such as personal computers, milling equipment, freezer cases, and forklifts should be used, if possible. A person is not required to render for taxation personal property appraised under section 23.24.

Estimate of Quantity: For each type or category listed, the number of items, or other relevant measure of quantity (e.g., gallons, bushels, tons, pounds, board feet).

Property Address: The physical address of the personal property on January 1 of the current tax year. Normally, the property is taxable by the taxing unit where the property is located.

Address Where Taxable: In some instances, personal property that is only temporarily at its current address may be taxable at another location (taxable situs). If you know that this is the case, please list the address where taxable.

Good Faith Estimate of Market Value: Your best estimate of what the property would have sold for in U.S. dollars on January 1 of the current tax year if it had been on the market for a reasonable length of time and neither you nor the purchaser was forced to buy or sell. For inventory, it is the price for which the property would have sold as a unit to a purchaser who would continue the business.

Historical Cost When New: What you paid for the property when it was new, or if you bought the property used, what the original buyer paid when it was new. If you bought the property used, and do not know what the original buyer paid, state what you paid with a note that you purchased it used.

Year Acquired: The year that you purchased the property.

Consigned Goods: Personal property owned by another person that you are selling by arrangement with that person. If you have consigned goods, report the name and address of the owner in the appropriate blank.

Fiduciary: A person or institution who manages property for another and who must exercise a standard of care in such management activity imposed by law or contract.

For more information, visit our website: www.window.state.tx.us/taxinfo/proptax

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P r o p e r t y T a x	B u s i n e s s P e r s o n a l P r o p e r t y R e n d i t i o n o f Ta x a b l e P r o p e r t y
FORM 50-144

SCHEDULE A: PERSONAL PROPERTY VALUED LESS THAN $20,000

List all taxable personal property by type/category of property (See “Deinitions”). If needed you may attach additional sheets. Or, you may attach a computer-generated copy listing the information below. If you manage or control property as a iduciary on January 1, also list the names and addresses of each property owner.

*“Good faith estimate of market value” is not admissible in subsequent protest, hearing, appeal, suit, or other proceeding involving the property except for: (1) proceedings to determine whether a person complied with rendition requirement; (2) proceedings for determination of fraud or intent to evade tax; or (3) a protest under Section 41.41, Tax Code.

NOTE: If you are a dealer/retailer of inventory that is subject to Sections 23.121, 23.124, 23.1241, or 23.127, Tax Code (alternate methods of appraising vehicles, vessels, outboard motors, and trailers, man- ufactured housing, and heavy equipment), list this type of property on the appropriate Dealer’s Inventory Declaration rather than this schedule.

For more information, visit our website: www.window.state.tx.us/taxinfo/proptax

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B u s i n e s s P e r s o n a l P r o p e r t y R e n d i t i o n o f Ta x a b l e P r o p e r t y	P r o p e r t y T a x
	FORM 50-144

SCHEDULE B: PERSONAL PROPERTY, OTHER THAN INVENTORY, VALUED AT $20,000 OR MORE

List all taxable personal property by type/category of property (See “Deinitions”). If needed you may attach additional sheets. Or, you may attach a computer-generated copy listing the information below. If you manage or control property as a iduciary on January 1, also list the names and addresses of each property owner. If you carry consigned goods, also list below the names and addresses of each consignor.

*If you provide an amount in the “good faith estimate of market value,” you need not complete a “historical cost when new” and “year acquired.” “Good faith estimate of market value” is not admissible in sub- sequent protest, hearing, appeal, suit, or other proceeding involving the property except for: (1) proceedings to determine whether a person complied with rendition requirement; (2) proceedings for determi- nation of fraud or intent to evade tax; or (3) a protest under Section 41.41, Tax Code.

** If you provide an amount in a “historical cost when new” and “year acquired,” you need not complete “good faith estimate of market value.”

For more information, visit our website: www.window.state.tx.us/taxinfo/proptax

50-144 • 10-11/9 • Page 5

P r o p e r t y T a x	B u s i n e s s P e r s o n a l P r o p e r t y R e n d i t i o n o f Ta x a b l e P r o p e r t y
FORM 50-144

SCHEDULE C: INVENTORY

List all taxable inventory by type of property (example: merchandise, supplies, etc.). If needed you may attach additional sheets. Or, you may attach a computer-generated copy listing the information below. If you manage or control property as a iduciary on January 1, also list the names and addresses of each property owner. If you carry consigned goods, also list below the names and addresses of each consignor.

*If you provide an amount in the “good faith estimate of market value,” you need not complete a “historical cost when new” and “year acquired.” “Good faith estimate of market value” is not admissible in sub- sequent protest, hearing, appeal, suit, or other proceeding involving the property except for: (1) proceedings to determine whether a person complied with rendition requirement; (2) proceedings for determi- nation of fraud or intent to evade tax; or (3) a protest under Section 41.41, Tax Code.

** If you provide an amount in a “historical cost when new” and “year acquired,” you need not complete “good faith estimate of market value.”

Note: If you are a dealer/retailer of inventory that is subject to Sections 23.121, 23.124, 23.1241, or 23.127, Tax Code (alternate methods of appraising vehicles, vessels, outboard motors, and trailers, manu- factured housing, and heavy equipment), list this type of property on the appropriate Dealer’s Inventory Declaration rather than this schedule.

For more information, visit our website: www.window.state.tx.us/taxinfo/proptax

Page 6 • 50-144 • 10-11/9

B u s i n e s s P e r s o n a l P r o p e r t y R e n d i t i o n o f Ta x a b l e P r o p e r t y	P r o p e r t y T a x
	FORM 50-144

SCHEDULE D: PROPERTY UNDER BAILMENT, LEASE, CONSIGNMENT, OR OTHER ARRANGEMENT

List the name and address of each property owner of taxable property that is in your possession or under your management on January 1 by bailment, lease, consignment, or other arrangement. If needed you may attach additional sheets. Or, you may attach a computer-generated copy listing the information below.

For more information, visit our website: www.window.state.tx.us/taxinfo/proptax

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