Form 50-259 - Dealer'S Vessel And Outboard Motor Inventory Declaration - 2011
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1
2CONFIDENTIAL
P r o p e r t y T a x
Dealer’s Vessel and Outboard Motor
Form 50-259
Inventory Declaration
__________________________________________
Year
____________________________________________________________________________________________________________________________________
__________________________________________
Send Original to: Appraisal District Name and Address
Phone (area code and number)
____________________________________________________________________________________________________________________________________
__________________________________________
Send copy to: County Tax Office and Address
Phone (area code and number)
INSTRUCTIONS: If you own an inventory subject to the provisions of Tax Code Sec. 23.1241, you must file this dealer’s vessel, trailer and outboard motor inventory declaration
with the chief appraiser and a copy with the county tax assessor-collector not later than February 1 of each year. If you were not in business on January 1, you must file this
statement not later than 30 days after starting business. Failure to file this form is a misdemeanor offense punishable by a fine not to exceed $500. Each day during which you
fail to comply is a separate offense. See page 2 for instructions.
STEP 1: Provide Name and Address of Property Owner and Identity of Person Preparing Application
__________________________________________________________________________________________________________________________________________________________________________________________
Name of Property Owner
__________________________________________________________________________________________________________________________________________________________________________________________
Mailing Address
____________________________________________________________________________________________________________________________________
__________________________________________
City, State, ZIP Code
Phone (area code and number)
____________________________________________________________________________________________________________________________________
__________________________________________
Name of Person Preparing this Application
Title
STEP 2: Required Information About the Business
__________________________________________________________________________________________________________________________________________________________________________________________
Name of Each Business at One Location (attach additional pages if necessary)
__________________________________________________________________________________________________________________________________________________________________________________________
Address of this Location (street, number, city, state and ZIP code) (attach additional pages if necessary)
__________________________________________________________________________________________________________________________________________________________________________________________
Owner’s Dealer and Manufacturer Number(s) Issued by the Texas Parks and Wildlife Department (attach additional pages if necessary)
STEP 3: Information About the Business
STEP 4: Ownership Statement
________________________________________________________________________________________
____________________________________________________________________________________________
Appraisal District Account Number (if known) (or attach tax bill or copy of appraisal or tax
(Property Owner’s Name) is the owner of a dealer’s vessel, trailer and outboard motor
office correspondence concerning this account.) (attach additional pages if necessary)
inventory.
________________________________________________________________________________________
Starting Date of Business (if not in business on January 1 of this year)
STEP 5: Breakdown of Sales and Sales Aamounts
Breakdown of sales (number of units sold) for the previous 12-month period corresponding to the prior tax year. If you were not in business for the entire 12-month period,
report the sales for the months you were in business.
___________________________________________________
______________________________________
________________________________________
_________________________________________
Net Vessel, Trailer and Outboard Motor Inventory
Fleet Sales
Dealer Sales
Subsequent Sales
Breakdown of sales amounts for the previous 12-month period corresponding to the prior tax year. If you were not in business for the entire 12-month period, report the sales for
the months you were in business.
$
$
$
$
___________________________________________________
______________________________________
________________________________________
_________________________________________
Net Vessel, Trailer and Outboard Motor Inventory
Fleet Sales
Dealer Sales
Subsequent Sales
STEP 6: Market Value of your Inventory
State the market value of your net vessel, trailer and outboard motor inventory for the current tax year, as computed under Tax Code Sec. 23.1241 (total annual sales from the
inventory for the previous 12-month period corresponding to the prior tax year divided by 12 equals market value). If you were not in business for the entire 12-month period,
report the number of months you were in business and the total number of sales for those months. The chief appraiser will determine your inventory’s market value.
Net Vessel, Trailer and Outboard Motor
Market Value for
Inventory Sales for Prior Year
Current Tax Year
$
÷
12
=
_______________________________________
_______________________________________
STEP 7: Read, 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.
____________________________________________________________________________________________________________________________________
__________________________________________
Authorized Signature
Date
The Property Tax Assistance Division at the Texas Comptroller of Public Accounts provides property tax
For more information, visit our Web site:
information and resources for taxpayers, local taxing entities, appraisal districts and appraisal review boards.
50-259 • 09-11/8
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