Texas Form 01 924 PDF Details

Texas Form 01 924 is a form used to report estate and gift tax information to the Texas Comptroller of Public Accounts. The form must be completed and filed by the executor or other person in charge of the estate, within nine months following the date of the donor's death. The form requires detailed information about all taxable gifts and estates made during the deceased person's lifetime. Failure to file this form may result in significant penalties. so it is important to understand exactly what is required when completing it. This blog post will provide an overview of Texas Form 01 924, including what information is required and when it must be filed.

Here's some facts that may help you understand just how long it requires to finalize the texas form 01 924.

QuestionAnswer
Form NameTexas Form 01 924
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesagricultural exempt texas form, 01 924 tax exemption, agricultural use exemption, exemption agricultural form

Form Preview Example

01-924 (Rev.4-17/4)

Texas Agricultural Sales and Use Tax Exemption Certificate

Commercial agricultural producers must use this form to claim exemption from Texas sales and use tax when buying, leasing or renting qualifying agricultural items they will use exclusively in the production of agricultural products for sale.

You cannot use this form to claim exemption from motor vehicle tax when buying motor vehicles, including trailers. To claim motor vehicle tax exemption, you must give a properly completed Texas Motor Vehicle Tax Exemption Certificate for Agricultural and Timber Operations (Form 14-319) to the vehicle’s seller or dealer. You must also claim the exemption on the Application for Texas Title (Form 130-U) when titling or registering the vehicle with the local County Tax Assessor-Collector.

This form is not required when purchasing the following types of agricultural items:

horses, mules and work animals commonly used in agricultural production;

animal life, the products of which ordinarily constitute food for human consumption, such as cows, goats, sheep, chickens, turkeys and pigs;

feed for farm and ranch animals, including oats, corn, chicken scratch and hay; and

seeds and annual plants, the products of which are commonly recognized as food for humans or animals (such as corn, oats and soybeans) or are usually only raised to be sold in the regular course of business (such as cotton seed).

All other purchases of agricultural items require this properly completed form to claim a sales tax exemption. See the back of this form for

examples of exempt and taxable items.

Name of retailer

Address (Street and number, P.O. Box or route number)

City, State, ZIP code

Proper use of this certificate

Purchasers - You can only use this certificate for items you purchase for exclusive use in an exempt manner. You should be familiar with qualifying items. Any non-agricultural or personal use disqualifies the purchase from exemption.

See the back of this form for examples of exempt and taxable items.

Retailers - You can accept this certificate in good faith at the time of sale if it is properly completed with an ag/timber number and expiration date. You can also accept it as a blanket certificate covering all sales made during the time this certificate is valid on qualifying items that can reasonably be used to produce agriculture products for sale.

Name of purchaser

Address (Street and number, P.O. Box or route number)

City, State, ZIP code

Phone (Area code and number)

Ag/Timber number

Name of person to whom number is registered, if different than purchaser

This exemption certificate expires on Dec. 31, 2 0

I understand that I am required to keep records to verify eligibility for the exemption(s) claimed and that I will be required to pay sales or use tax on purchases that do not qualify for the exemption(s), in addition to any applicable interest and penalties.

I understand that it is a criminal offense to issue an exemption certificate to the seller for taxable items that I know will be used in a

manner that does not qualify for the exemptions found in Tax Code Section 151.316. The offense may range from a Class C misdemeanor to a felony of the second degree.

Purchaser's signature

Purchaser's name (print or type)

Date

This certificate should be given to the retailer. Do NOT send the completed certificate to the Comptroller of Public Accounts.

Form 01-924 (Back)(Rev.4-17/4)

Always Exempt

These items are always exempt and do not require an exemption certificate or an ag/timber number.

Horses, mules and work animals commonly used in agricultural production;

Animal life, the products of which ordinarily constitute food for human consumption, such as cattle, goats, sheep, chickens, turkeys and hogs;

Feed such as oats, hay, chicken scratch, wild bird seed and deer corn for livestock and wild game (pet food is not exempt); and

Seeds and annual plants, the products of which are commonly

recognized as food for humans or animals, such as corn, oats and soybeans or for fiber, such as cotton seed.

Exempt

Here are examples of items that are exempt from sales tax when used exclusively on a farm or ranch to produce agricultural products for sale and pur- chased by a person with a current ag/timber number.

Air tanks

Augers

Bale transportation equipment

Baler twine

Baler wrap

Balers

Binders

Branding irons

Brush hogs

Bulk milk coolers

Bulk milk tanks

Calf weaners and feeders

Cattle currying and oiling machines

Cattle feeders

Chain saws used for clearing fence lines or pruning orchards

Choppers

Combines

Conveyors

Corn pickers

Corral panels

Cotton pickers, strippers

Crawlers – tractors

Crushers

Cultipackers

Discs

Drags

Dryers

Dusters

Egg handling equipment

Ensilage cutters

Farm machinery and repair or replacement parts

Farm tractors

Farm wagons

Farrowing houses (portable and crates)

Feed carts

Feed grinders

Feeders

Fertilizer

Fertilizer distributors

Floats for water troughs

Foggers

Forage boxes

Forage harvesters

Fruit graters

Fruit harvesters

Grain binders

Grain bins

Grain drills

Grain handling equipment

Greases, lubricants and oils for qualifying farm machinery and equipment

Harrows

Head gates

Hoists

Husking machines

Hydraulic fluid

Hydro-coolers

Implements of husbandry

Incubators

Irrigation equipment

Manure handling equipment

Manure spreaders

Milking equipment

Mowers (hay and rotary blade)

Pesticides

Pickers

Planters

Poultry feeders

Poultry house equipment

Pruning equipment

Rollbar equipment

Rollers

Root vegetable harvesters

Rotary hoes

Salt stands

Seed cleaners

Shellers

Silo unloaders

Soilmovers used to grade farmland

Sorters

Sowers

Sprayers

Spreaders

Squeeze chutes

Stalls

Stanchions

Subsoilers

Telecommunications services used to navigate farm machinery and equipment*

Threshing machines

Tillers

Tires for exempt equipment

Troughs, feed and water

Vacuum coolers

Vegetable graders

Vegetable washers

Vegetable waxers

* As of Sept. 1, 2015, telecommunications services used to navigate farm machinery and equipment are exempt.

Taxable

These items DO NOT qualify for sales and use tax exemption for agricultural production.

Automotive parts, such as tires, for vehicles licensed for highway use, even if the vehicle has farm plates

Clothing, including work clothing, safety apparel and shoes

Computers and computer software used for any purposes other than agricultural production

Furniture, home furnishings and housewares

Golf carts, dirt bikes, dune buggies and go-carts

Guns, ammunition, traps and similar items

Materials used to construct roads or buildings used for shelter, housing, storage or work space (examples include general storage barns, sheds or shelters)

Motor vehicles and trailers*

Pet food

Taxable services such as nonresidential real property repairs or remodeling, security services, and waste removal

* See www.comptroller.texas.gov/taxes/ag-timber/.

Tax Help: www.comptroller.texas.gov/taxes/ = Window on State Government: www.comptroller.texas.gov

Tax Assistance: 1-800-252-5555

Sign up to receive email updates on the Comptroller topics of your choice at www.comptroller.texas.gov/subscribe.

Watch Texas Form 01 924 Video Instruction

If you believe this page is infringing on your copyright, please familiarize yourself with and follow our DMCA notice and takedown process - click here to proceed .