Texas Comptroller of Public Accounts
Form
50-758
Application for Exemption of Goods-In-Transit
____________________________________________________________________ _____________________________
Appraisal District’s Name Phone (area code and number)
_____________________________________ ________________ ________________ __________ ____________
Address City County State Zip Code
_____________________________________
Appraisal District’s Website Address
GENERAL INSTRUCTIONS: This application is for use in claiming a property tax exemption on property qualied as goods-in-transit pursuant to Tax Code
Section 11.253. The application applies to property owned on Jan. 1 of this year.
“Goods-in-transit” is dened as tangible personal property that:
Is acquired in or imported into this state to be forwarded to another location in this state or outside of this state;
Is stored under a contract of bailment by a public warehouse operator at one or more public warehouse facilities in this state that are not in any way
owned or controlled by the owner of the personal property for the account of the person who acquired or imported the property;
Is transported to another location in this state or outside of this state not later than 175 days after the date the person acquired the property or
imported the property into this state; and
Does not include oil, natural gas, petroleum products, aircraft, dealer’s motor vehicle inventory, dealers vessel and outboard motor inventory,
dealer’s heavy equipment inventory or retail manufactured housing inventory.
FILING INSTRUCTIONS: You must furnish all information and documentation required by this application so that the chief appraiser is able to determine
whether the statutory qualications for the exemption have been met. This document and all supporting documentation must be led with the appraisal
district office in each county in which the property is located. Do not le this document with the Texas Comptroller of Public Accounts. A directory with
contact information for appraisal district offices may be found on the Comptroller’s website.
APPLICATION DEADLINES: You must le the completed application with all required documentation beginning Jan. 1 and no later than April 30 of the
year for which you are requesting an exemption.
ANNUAL APPLICATION REQUIRED: You must apply for this exemption each year you claim entitlement to the exemption.
OTHER IMPORTANT INFORMATION
Pursuant to Tax Code Section 11.45, after considering this application and all relevant information, the chief appraiser may request additional information
from you. You must provide the additional information within 30 days of the request or the application is denied. For good cause shown, the chief appraiser
may extend the deadline for furnishing the additional information by written order for a single period not to exceed 15 days.
State the tax year for which you are applying for this exemption.
___________________
Tax Year
STEP 1: Ownership Information
Property Owner is a(n) (check one):
Individual
Partnership
Corporation
Other (specify): ___________________________________________
_______________________________________________________ __________________________________________
Name of Property Owner Phone (area code and number)
_____________________________________ ________________ ________________ __________ ____________
Mailing Address City County State Zip Code
STEP 2: Applicant Information
_____________________________________ ____________________________ ______________________________
Name of Person Preparing this Application Title Driver’s License, Personal I.D. Certicate
or Social Security Number*
If this application is for property owned by a charitable organization with a federal tax identication number,
that number may be provided in lieu of a driver’s license number, personal identication certicate
number or social security number:
....................................................... ______________________________
* Pursuant to Tax Code Section 11.48(a), a driver’s license, personal I.D. certicate or social security number provided in an application for an exemption led with a chief
appraiser is condential and not open to public inspection. The information may not be disclosed to anyone other than an employee of the appraisal office who appraises
property except as authorized by Tax Code Section 11.48(b).
The Property Tax Assistance Division at the Texas Comptroller of Public Accounts provides property tax
information and resources for taxpayers, local taxing entities, appraisal districts and appraisal review boards.
For more information, visit our website:
comptroller.texas.gov/taxes/property-tax
50-758 • 05-17/8
Texas Comptroller of Public Accounts
Form
50-758
For more information, visit our website: comptroller.texas.gov/taxes/property-tax
Page 2
50-758 • 05-17/8
STEP 3: Authorized Agent
_______________________________________________________ __________________________________________
Authorized Agent’s Name (if different from above) Phone (area code and number)
_____________________________________ ________________ ________________ __________ ____________
Mailing Address City County State Zip Code
STEP 4: Property Information
_____________________________________ ________________ ________________ __________ ____________
Address City County State Zip Code
_________________________________________________________________________ ________________________
Legal Description (if known) Appraisal District Number (if known)
Provide a general description of the types of items in this inventory. Continue on additional pages if necessary.
STEP 5: Questions About the Property
1. Are you applying for the freeport exemption this year? ..........................................................
Yes
No
2. Will portions of this inventory be transported inside or outside the state this year? ....................................
Yes
No
3. Have you applied for Sept. 1 inventory appraisal? .............................................................
Yes
No
4. Were portions of your inventory transported to another location inside or outside the state throughout last year? ............
Yes
No
If no, because inventory was transported for part of year, list the months during which portions of your inventory
were transported to another location last year:
_______________________________________________________________________________________________
5. Total cost of goods sold for the entire year ending Dec. 31, ___________ ................................... $ _______________
6. Total cost of goods sold that were acquired in Texas or imported into Texas to forward to another location;
stored under contract for bailment by a public warehouse operated at one or more public warehouse
facilities in this state that you did not in any way own or control; and transported to another
location within 175 days after the date you acquired them or imported them into the state last year, less the
cost of any equipment, machinery or material that were incorporated into the goods, but that do not qualify
as goods-in-transit inventory.
.......................................................................... $ _______________
7. On what types of records do you base the amounts given above? (Check all that apply.)
Audited nancial statement
Sales records
Internal reports
Bills of lading
Texas franchise tax reports
Other (describe) ______________________________
8. Percentage of last year’s inventory value represented by goods-in-transit (line 6 divided by line 5). .................. _____________ %
Texas Comptroller of Public Accounts
Form
50-758
For more information, visit our website: comptroller.texas.gov/taxes/property-tax
Page 3
50-758 • 05-17/8
9. Will the percentage of goods-in-transit this year be signicantly different than the percentage of goods-in-transit last year? ....
Yes
No
If yes, why?
10.
What was the market value of your inventory on Jan. 1 of this year or Sept. 1 of last year, if you
have qualied for Sept. 1 inventory appraisal?
............................................................ $ _______________
11. What is the value of the inventory you claim will be exempt this year? ......................................... $ _______________
STEP 6: Certification and Signature
By signing this application, you certify that the information provided in this application is true and correct.
_____________________________________________________ ____________________________________
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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