Property Tax Form 50

Dealer’s Vessel and Outboard Motor Inventory Tax Statement

CONFIDENTIAL

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

Property Tax Form 50-260
See Page 3 for Instructions

Month and Year
Page
of pages

Send Original with Payment 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)

STEP 1: Provide Name and Address of Property Owner and Identity of Person Completing Statement

Owner’s Name
Owner’s Phone (area code and number)

Mailing Address

City, State, ZIP Code

Name of Person Completing Statement
Title

STEP 2: Information About the Business

Appraisal District Account Number (if known) / Business information

Name of Each Business

Account Number

Inventory Location (number, street, city, state, ZIP Code)

STEP 3: Provide the Following Information About Each Vessel, Trailer or Outboard Motor Sold During the Reporting Month

(continue on additional sheets as needed)

Unit Property Tax Factor
Your Dealer and Manufacturer’s Number

STEP 4: Total Sales

Breakdown of Sales (number of units sold) for This Month

Net Vessel, Trailer and Outboard Motor Inventory
Fleet Sales
Dealer Sales
Subsequent Sales

Breakdown of Sales Amounts for This Month

Net Vessel, Trailer and Outboard Motor Inventory
Fleet Sales
Dealer Sales
Subsequent Sales

STEP 5: Sign and 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 Section 37.10, Penal Code.

Instructions

If you are an owner of an inventory subject to Sec. 23.124, Tax Code, you must file this dealer’s vessel, trailer and outboard motor inventory tax statement as required by Sec. 23.125.

Filing deadlines: You must file this statement on or before the 10th day of each month regardless of whether a vessel and outboard motor is sold. If you were not in business for the entire year, you must file this statement each month after your business opens, but you do not include any tax payment until the beginning of the next calendar year.

Filing places: You must file the original completed statement with your monthly tax payment with the county tax assessor-collector. You must file a copy of the original statement with the county appraisal district’s chief appraiser.

Filing penalties: Late filing incurs a penalty of 5 percent of the amount due. If the amount is not paid within 10 days after the due date, the penalty increases for an additional penalty of 5 percent of the amount due.

Annual property tax bill: You will receive a separate tax bill(s) for your vessel, trailer and outboard motor inventory for each taxing unit that taxes your property, usually in October.

Step 1: Property owner’s name and address. Give the corporate, sole proprietorship or partnership’s name, including mailing address and telephone number of the actual business location as required by the inventory tax statement (not of the owner).

Step 2: Information about the business. Give the address of the actual physical location of the business. Include your business’ name and the account number from the appraisal district’s notices.

Step 3: Information on each vessel, trailer or outboard motor sold during the reporting month. Complete the information on each vessel, trailer and outboard motor sold, including the date of sale, model year, model make, identification number, purchaser’s name, type of sale, sales price and unit property tax.

1 Type of Sale: Place one of the following codes by each sale reported: VTM, FL, DL, SS.

2 Sales Price: The price as set forth on the applicable title or affidavit forms.

3 Unit Property Tax: To compute, multiply the sales price by the unit property tax factor.

4 Total Unit Property Tax for This Month: Enter only on last page of monthly statement.

Step 4: Total sales. Provide totals on last page of statement of the number of units and the sales amounts for vessels, trailers and outboard motors sold in each category.

Step 5: Sign the form. Sign and enter the date if you are the person completing this statement.