Texas Comptroller of Public Accounts
Form
50-242
For more information, visit our website: comptroller.texas.gov/taxes/property-tax
Page 2
50-242 • 04-17/11
STEP 3: Property Information
• Attach one Schedule A form for each parcel of real property (improved and unimproved) to be exempt.
• Attach one Schedule B form for each building to be exempt.
• Attach one Schedule C form listing all personal property to be exempt.
STEP 4: Questions About the Organization
1. Is the organization organized as a nonprot corporation as dened by the Texas Non-Prot Corporation Act
(art. 1396-1.01 VACS et. seq.)? ............................................................................
Yes
No
2. Is the organization engaged primarily in public charitable functions? ...............................................
Yes
No
If yes, attach a narrative statement describing the organization’s activities. The statement should be thorough, accurate and
include date-specic references to the tax year for which the exemption is sought. You may attach representative copies of
newsletters, brochures or similar supporting documents.
3. Is the organization organized exclusively to perform religious, charitable, scientic, literary or educational purposes? . . . . . . . . .
Yes
No
If yes, attach copies of organizational documents supporting your answer.
4. Does the organization own the property for the purpose of building or repairing housing on it
primarily with the use of volunteer labor, and to sell without prot to an individual or family
satisfying the organization’s low-income and other eligibility requirements?
.........................................
Yes
No
5. Does the organization engage exclusively in the building, repair and sale of housing as described above and related activities?
Yes
No
6. Does the organization perform or does its charter permit it to perform any functions other than those described in question 2? .
Yes
No
If yes, attach a statement describing the other functions in detail.
7. Does the organization operate in such a manner that does not result in the accrual of distributable prots, the distribution
of prots or the realization of any other form of private gain? .....................................................
Yes
No
STEP 5: Questions About the Organization’s Bylaws or Charter
Attach a copy of the charter, bylaws or other documents adopted by the organization that govern its affairs.
1. Do these documents pledge the organization’s assets for use in performing the organization’s charitable functions?..........
Yes
No
If yes, provide the page and paragraph numbers. Page Paragraph ___________ ___________
2. Do these documents direct that on the discontinuance of the organization the organization’s assets are to be transferred to
the State of Texas, the United States or an educational, religious, charitable or other similar organization that is qualied
for exemption under Internal Revenue Code Section 501(c)(3), as amended?
........................................
Yes
No
If yes, provide the page and paragraph numbers. Page ___________ Paragraph ___________
3. If no, do these documents direct that on discontinuance of the organization, the organization’s assets are to be transferred
to its members who have promised in their membership application to immediately transfer them to the State of Texas or
to an educational, religious, charitable or other similar organization that is qualied for exemption under Internal Revenue
Code Section 501(c)(3), as amended?
.......................................................................
Yes
No
If yes, provide the page and paragraph numbers. Page ___________ Paragraph ___________
If yes, was this two-step transfer required for the organization to qualify for exemption under Internal Revenue Code
Section 501(c)(3), as amended? ........................................................................
Yes
No
STEP 6: Certication and Signature
By signing this application, you designate the property described in the attached Schedules A, B and C as the property against which a Tax Code Section
11.181 exemption may be claimed in this appraisal district. You certify that the information provided in this application is true and correct to the best of your
knowledge and belief.
_____________________________________________________ ____________________________________
Print Name Title
_____________________________________________________ ____________________________________
Authorized Signature Date
If you make a false statement on this application, you could be found guilty of a Class A misdemeanor or a state jail felony under Penal Code
Section 37.10.
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