Texas Comptroller of Public Accounts
Form
50-118
For more information, visit our website: comptroller.texas.gov/taxes/property-tax
Page 2
50-118 • 04-17/13
STEP 3: Property Information
List only property owned by the organization.
• Attach one Schedule A form for each parcel of real property to be exempt.
• Attach one Schedule B form listing all personal property to be exempt.
STEP 4: State or National Aliation
Is the organization affiliated with a state or national organization whose primary purpose is promoting the
spiritual, mental and physical development of youths? .............................................................
Yes
No
___________________________________________________________________________________________________
Name of State / National Organization
___________________________________________________________________________________________________
Mailing Address
______________________________ ____________________ _________________ __________________________
City State ZIP Code Phone (area code and number)
STEP 5: Questions about the Organization
1. Is the organization’s primary purpose to promote the spiritual, mental and physical development of boys, girls,
young men or young women? .............................................................................
Yes
No
2.
In the past year has the organization loaned funds to, borrowed funds from, sold property to or bought property
from a shareholder, director or member of the organization, or had a shareholder or member sell an interest in
the organization for a prot?
..............................................................................
Yes
No
If yes, attach a description of each transaction. For sales, give buyer, seller, price paid, value of the property sold and
date of sale. For loans, give lender, borrower, amount borrowed, interest rate and term of loan. Attach a copy of note, if any.
3. 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
4. Attach a narrative statement describing the organization’s activities. Describe in detail what activities contribute to spiritual,
mental and physical development of boys, girls and young adults. Also describe any other functions which the organization performs.
STEP 6: Questions about the Organization Bylaws or Charter
1. Does the organization use its assets in performing its youth spiritual, mental and physical development functions or of
those of another youth development organization? .............................................................
Yes
No
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. Attach a copy of the charter, bylaws or other documents adopted by the organization which govern its affairs and answer the following questions.
STEP 7: Read, Sign and Date
By signing this application, you designate the property described in the attached Schedules A and B as the property against which the exemption for
youth spiritual, mental and physical development organizations may be claimed in this appraisal district. 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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