Tax3 Details

In order to ensure compliance with the Health Insurance Portability and Accountability Act of 1996 (HIPAA), entities covered by HIPAA are required to complete and submit Form 50 246, Privacy Officer Information Report, to the Department of Health and Human Services (HHS). The purpose of the form is to provide HHS with information about the privacy officer for the entity and their contact information. Completed forms must be submitted annually on or before September 30th. This post will outline what is required on Form 50 246 and how to complete it.

We've compiled some basic information about the form 50 246. You might want to look at it before filling out the gaps.

QuestionAnswer
Form NameForm 50 246
Form Length4 pages
Fillable?Yes
Fillable fields184
Avg. time to fill out37 min 48 sec
Other namesVe, proptax, Sale1, tx

Form Preview Example

Dealer’s Motor Vehicle Inventory Tax Statement

P r o p e r t y Ta x

FORM 50-246

CONFIDENTIAL

 

________________

__________

Page _______ of pages _______

Reporting Month

Year

 

____________________________________________________________________

____________________________

Send Original to: County Tax Office Name and Address

 

Phone (AREA CODE AND NUMBER)

____________________________________________________________________

____________________________

Send Copy to: Appraisal District Name and Address

 

Phone (AREA CODE AND NUMBER)

This document must be iled with the county tax assessor-collector’s office and the appraisal district office in the county in which your business is located. Do not ile this document with the office of the Texas Comptroller of Public Accounts. Location and address information for the county tax assessor-collector’s office in your county may be found at www.window.state.tx.us/propertytax/references/directory/tac. Location and address information for the appraisal district office in your county may be found at www.window.state.tx.us/propertytax/references/directory/cad.

GENERAL INSTRUCTIONS: This inventory tax statement must iled by a dealer of motor vehicles pursuant to Tax Code Section 23.122. This statement is iled together with an amount equal to the total amount of the unit property tax assigned to all motor vehicles sold in the preceding month. File a separate statement for each business location and retain documentation relating to the disposition of each vehicle.

ALTERNATIVE ELECTION: Effective Jan. 1, 2014, certain dealers of motor vehicle inventory may elect to ile renditions under Tax Code Chapter 22, rather than ile declarations and tax statements under Tax Code Chapter 23. Tax Code Section 23.121(a)(3) allows a dealer to make this election if it (1) does not sell motor vehicles that are self-propelled and designed to transport persons or property on a public highway; (2) meets either of the following two requirements: (a) the total annual sales from the inventory, less sales to dealers, leet transactions, and subsequent sales, for the preceding tax year are 25% or less of the dealer’s total revenue from all sources during that period, or (b) the dealer did not sell a motor vehicle to a person other than another dealer during 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, leet transactions, and subsequent sales, for the 12-month period corresponding to the current tax year will be 25% or less of the dealer’s total revenue from all sources during that period; (3) iles with the chief appraiser and the tax collector by Aug. 31 of the preceding tax year on a form prescribed by the Comptroller a declaration that the dealer elects not to be treated as a dealer under Tax Code Section 23.121 in the current tax year; AND (4) renders the dealer’s motor vehicle inventory in the current tax year by iling a rendition with the chief appraiser in the manner provided by Tax Code Chapter 22. A dealer who makes this election must ile the election annually with the chief appraiser and the tax collector by Aug. 31 of the preceding tax year, so long as the dealer meets the eligibility requirements of law.

WHERE TO FILE: Each statement and prepayment of taxes must be iled with the county tax assessor-collector and a copy of each statement must be iled with the chief appraiser.

STATEMENT DEADLINES: Except as provided by Tax Code Section 23.122(g), a statement and prepayment of taxes must be iled on or before the 10th day of each month.

PENALTIES: A dealer who fails to ile a statement as required commits a misdemeanor offense punishable by a ine not to exceed $100. Each day during which a dealer fails to comply is a separate violation. In addition to other penalties provided by law, a dealer who fails to ile or timely ile a statement must forfeit a penalty of $500 for each month or part of a month in which a statement is not iled or timely iled after it is due. A tax lien attaches to the dealer’s business personal property to secure payment of the penalty. In addition to other penalties provided by law, an owner who fails to remit unit property tax due must pay a penalty of 5 percent of the amount due. If the amount due is not paid within 10 days after the due date, the owner must pay an additional 5 percent of the amount due. Unit property taxes paid on or before Jan. 31 of the year following the date on which they are due are not delinquent.

OTHER IMPORTANT INFORMATION

The chief appraiser or collector may examine documents held by a dealer in the same manner and subject to the same conditions as provided by Tax Code Section 23.121(g) and 23.122(f).

STEP 1: Dealer Information

___________________________________________________________________________________________________

Name of Dealer

___________________________________________________________________________________________________

Mailing Address

____________________________________________________________________

____________________________

City, State, ZIP Code

Phone (AREA CODE AND NUMBER)

____________________________________________________________________

____________________________

Name of Person Completing Statement

Title

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

50-24612-13/13

P r o p e r t y T a x

D e a l e r ’ s M o t o r Ve h i c l e I n v e n t o r y Ta x S t a t e m e n t

FORM 50-246

STEP 2: Business’ Name and Physical Address of Business Location

Provide the appraisal district account number if available or attach tax bill or copy of appraisal or tax office correspondence concerning your account.

___________________________________________________________________________________________________

Name of Business

___________________________________________________________________________________________________

Address, City, State, ZIP Code

____________________________________________________________________

____________________________

Account Number

Business Start Date, if Not in Business on Jan. 1

____________________________________________________________________

 

General Distinguishing Number (GDN)

 

STEP 3: Vehicle Inventory Information

Provide the following information about each motor vehicle sale during the reporting month. Continue on additional sheets if necessary. In lieu of illing out the information in this step, you may attach separate documentation setting forth the information required. All such information must be separately identiied in a manner that conforms to the column headers used in the table below. See last page for additional instructions and footnotes.

Description of Vehicle Sold

Date of

Model

 

Vehicle

Sale

Year

Make

Identiication Number

 

 

 

 

Purchaser’s

Name

Type of

Sales

Unit Property

Sale1

Price2

Tax3

 

 

 

(See last page for footnotes.)

Total Unit Property Tax4

________________________________________________

Unit Property Tax Factor

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

Page 2 • 50-24612-13/13

D e a l e r ’ s M o t o r Ve h i c l e I n v e n t o r y Ta x S t a t e m e n t

P r o p e r t y T a x

FORM 50-246

 

 

STEP 4: Total Units Sold and Total Sales

Number of units sold for reporting month:

______________________

______________________

______________________

_____________________

Motor Vehicle Inventory

Fleet Transactions

Dealer Sales

 

Subsequent Sales

Sales amounts for reporting month:

 

 

 

 

$_____________________

$_____________________

$_____________________

$ ____________________

Motor Vehicle Inventory

Fleet Transactions

Dealer Sales

 

Subsequent Sales

 

 

 

 

 

 

 

STEP 5: Signature and Date

 

 

 

 

Signature required on last page only.

 

 

 

 

 

________________________________

 

 

_________________________________________________________

 

 

 

Print Name

 

 

Title

 

 

________________________________

 

 

_________________________________________________________

 

 

 

Authorized Signature

 

 

Date

 

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

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

50-24612-13/13 • Page 3

P r o p e r t y T a x

D e a l e r ’ s M o t o r Ve h i c l e I n v e n t o r y Ta x S t a t e m e n t

FORM 50-246

Additional Instructions

Step 3: Information on each vehicle sold during the report- ing month. Complete the information on each motor vehicle sold, including the date of sale, model year, model make, vehicle iden- tiication number, purchaser’s name, type of sale, sales price and unit property tax. The footnotes include:

1Type of Sale: Place one of the following codes by each sale reported:

MV – motor vehicle inventory – sales of motor vehicles. A motor vehicle is a fully self-propelled vehicle with at least two wheels which has the primary purpose of transporting people or property (whether or not intended for use on a public street, road, or highway) and includes a towable recreational vehicle. Motor vehicle does not include: 1. vehicles with a certiicate of title that has been surrendered in exchange for a salvage cer- tiicate; nor 2. equipment or machinery designed and intended for a speciic work related purpose other than transporting people or property.

FL – leet transactions – motor vehicles included in the sale of ive or more motor vehicles from inventory to the same per- son within one calendar year.

DL – dealer sales – sales of vehicles to another Texas dealer or dealer who is legally recognized in another state as a motor vehicle dealer.

SS – subsequent sales dealer-inanced sales of motor vehicles that, at the time of sale, have dealer inancing from your motor vehicle inventory in the same calendar year.

2

3

4

Sales Price: Total amount of money paid or to be paid for the purchase of a motor vehicle as set forth as ‘‘sales price’’ in the form entitled ‘‘Application for Texas Certiicate of Title’’ promul- gated by the Texas Department of Motor Vehicles. In a transac- tion that does not involve the use of that form, the term means an amount of money that is equivalent, or substantially equivalent, to the amount that would appear as ‘‘sales price’’ on the Applica- tion for Texas Certiicate of Title if that form were involved.

Unit Property Tax: To compute, multiply the sales price by the unit property tax factor. Contact either the county tax assessor- collector or county appraisal district for the current unit property tax factor. The unit property tax factor is calculated by dividing the prior year’s aggregate tax rate by 12. If the aggregate tax rate is expressed in dollars per $100 of valuation, divide by $100 and then divide by 12. It represents one-twelfth of the preced- ing year’s aggregate tax rate at the location. For leet, dealer and subsequent sales that are not included in the motor vehicle inventory, the unit property tax is $-0-. If no unit property tax is assigned, state the reason.

Total unit property tax for reporting month: Enter the total amount of unit property tax from the “Total for this page only” box on previous page(s). This is the total amount of unit property tax that will be submitted with the statement to the collector.

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

Page 4 • 50-24612-13/13

How to Edit Form 50 246

Filling out proptax is simple. We made our PDF editor to make it user friendly and assist you to complete any PDF online. Listed below are steps you'll want to stick to:

Step 1: Select the button "Get Form Here" on the following webpage and select it.

Step 2: As soon as you enter our proptax editing page, you will see all of the options you may take regarding your file at the upper menu.

Fill in the proptax PDF by entering the information required for each section.

part 1 to filling out form 50 246

Note the details in STEP 1: Dealer Information, Name of Dealer, Mailing Address, City, Phone (area code and number), Name of Person Completing, Title, The Property Tax Assistance, and For more information.

Filling out form 50 246 step 2

In the Provide the appraisal district, Name of Business, Address, Account Number, Business Start Date, General Distinguishing Number, STEP 3: Vehicle Inventory, Provide the following information, Description of Vehicle Sold, Date of, Sale, Model Year, Make, Identiication Number, and Vehicle segment, emphasize the vital information.

step 3 to completing form 50 246

You need to identify the rights and obligations of each party in part Total Unit Property Tax4.

form 50 246 Total Unit Property Tax4 blanks to complete

Finish by reading these areas and writing the proper information: Unit Property Tax Factor, Page 2 • 50-246 • 12-13/13, and For more information.

form 50 246  Unit Property Tax Factor, Page 2 • 50-246 • 12-13/13, and For more information blanks to insert

Step 3: When you are done, press the "Done" button to export the PDF file.

Step 4: To stay away from probable upcoming troubles, make sure to get minimally a pair of duplicates of each separate document.

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