Form 50-259 - Dealer'S Vessel And Outboard Motor Inventory Declaration - 2011 Page 2
Download a blank fillable Form 50-259 - Dealer'S Vessel And Outboard Motor Inventory Declaration - 2011 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 50-259 - Dealer'S Vessel And Outboard Motor Inventory Declaration - 2011 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2P r o p e r t y T a x
D e a l e r ’ s V e s s e l a n d O u t b o a r d M o t o r I n v e n t o r y D e c l a r a t i o n
Form 50-259
Instructions for Completing
Dealer’s Vessel and Outboard Motor Inventory Declaration
Filing deadlines: You must file this declaration not later than Feb-
Step 4: Ownership statement. Give the owner’s name.
ruary 1 each year. If you were not in business for the entire year,
you must file this declaration not later than 30 days after starting
Step 5: Breakdown of sales and sales amounts. Complete the
your business. Be sure to keep a completed copy for your files and
boxes on number of sales and sales amounts for the preceding
a blank copy of the form for next year’s filing.
year. The top row of boxes is the number of units sold in each cat-
egory. The bottom row of boxes is the dollar amount sold in each
Filing places: You must file the original completed declaration
category. The categories include:
with the county appraisal district’s chief appraiser. You must file a
copy of the original with the county tax assessor-collector.
•
Vessel, trailer and outboard motor inventory – sales of vessels,
trailers and outboard motors. A vessel has the meaning in
Filing penalties: Failure to file this form is a misdemeanor offense
Sec. 31.003, Parks and Wildlife Code, and does not include
punishable by a fine not to exceed $500. Each day that you fail to
those more than 65 feet in length (excluding sheer) and
comply is a separate offense. In addition, a tax lien attaches to
canoes, kayaks, punts, rowboats, rubber rafts or other ves-
your business personal property to secure the penalty’s payment.
sels under 14 feet in length when paddled, poled, oared or
The district attorney, criminal district attorney or county attorney
windblown. An outboard motor has the meaning in Section
shall collect the penalty, with action in the county in which you
31.003, Parks and Wildlife Code. A vessel also includes a
maintain your principal place of business or residence. You also
trailer designed to carry a vessel and is a trailer or semi-trailer
will forfeit a penalty of $1,000 for each month or part of a month in
defined by Transportation Code Section 501.002.
which this declaration is not filed.
•
Fleet sales – vessels, trailers or outboard motors included in
the sale of five or more vessels, trailers or outboard motors
Review of records: The chief appraiser may examine your books
from your inventory to the same buyer within one calendar
and records for (1) the document issued by Texas Parks and
year.
Wildlife Department for your dealer and manufacturer number; (2)
•
Dealer sales – sales of vessels, trailers or outboard motors to
documents to determine if this declaration applies to you; and (3)
another dealer.
sales records to check information on this declaration. To examine
•
Subsequent sales – dealer-financed sales of vessels, trail-
your records, the chief appraiser must deliver personally a written
ers or outboard motors that, at the time of sale, have dealer
request to your records custodian. You have at least 15 days to
financing from your inventory in this same calendar year. The
respond to the request, or you may seek court action for relief from
first sale of a dealer-financed vessel, trailer or outboard motor
complying with the request. Failure to comply with the request is a
is reported as a vessel, trailer and outboard motor inventory
misdemeanor punishable by a fine not to exceed $500. Each day
sale, with sale of this same vessel, trailer or outboard motor
that you fail to comply is a separate violation.
later in the year classified as a subsequent sale.
•
Net vessel, trailer and outboard motor inventory – Vessel,
Step 1: Property owner’s name and address. Give the corpo-
trailer and outboard motor inventory less fleet sales, dealer
rate, sole proprietorship or partnership’s name, including mailing
sales and subsequent sales.
address and telephone number of the actual business location as
required by the inventory declaration (not of the owner).
Step 6: Market value of your inventory. Enter the sales amount
in the net vessel, trailer and outboard motor inventory breakdown
Step 2: Required information about the business. Give the name
(see Step 5, the first box in the second row) and divide by 12 to
of the business if different from the corporation or individual’s name.
yield your market value for this tax year. If you were not in busi-
The address here is the actual physical location of the business.
ness for the entire preceding year, the chief appraiser will deter-
mine your inventory’s market value based on the sales that you do
Step 3: Information about the business. Include your business’
report in Step 5.
account number from the appraisal district’s notice of appraised
value. Give the date your business opened if not in business Janu-
Step 7: Read, sign, and date. Sign and enter the date if you are
ary 1 of this year.
the person completing this declaration.
For more information, visit our Web site:
50-259 • 09-11/8 • Page 2
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial