Texas Comptroller of Public Accounts
Form
50-266
Dealer’s Heavy Equipment Inventory Tax Statement
CONFIDENTIAL
Reporting Month, Year: __________ Page _________ of Pages _________
_____________________________________________________________________ ___________________________
Send Original with Payment to: Assessor-Collector’s Name Phone (area code and number)
_____________________________________________________________________ ___________________________
Assessor-Collector’s Office Address, City, State, ZIP Code Assessor-Collector’s Office Website Address
_____________________________________________________________________ ___________________________
Send Copy to: Appraisal District Name Phone (area code and number)
_____________________________________________________________________ ___________________________
Appraisal District Address, City, State, ZIP Code Appraisal District Website Address
GENERAL INFORMATION: Tax Code Section 23.1242 requires dealers of heavy equipment inventory to le this tax statement with the tax assessor-collector,
together with a monthly payment of the total property tax assigned to all heavy equipment sold, leased or rented in the preceding month. A dealer that
does not sell, lease or rent heavy equipment during a month is required to le a statement indicating that no sales, leases or rentals were made in the
prior month. The dealer must retain documentation relating to the sale, lease or rental, of each item of heavy equipment.
FILING INSTRUCTIONS: You must le each original completed monthly tax statement and monthly tax payment with the assessor-collector and a copy of
the statement with the appraisal district’s chief appraiser. Do not le this document with the Texas Comptroller of Public Accounts. A directory with contact
information for appraisal districts and county assessor-collectors may be found on the Comptroller’s website.
FILING DEADLINES: Except as provided by Tax Code Section 23.1242(g), a statement and prepayment of taxes must be led on or before the 20th day
of each month.
FILING PENALTIES: In addition to other penalties provided by law, a dealer who fails to timely le a statement must forfeit a penalty of $500 for each
month or part of a month in which a statement is not timely led after it is due. A tax lien attaches to the dealer’s business personal property to secure
payment of the penalty. An owner who fails to remit unit property tax due must pay a penalty of 5 percent of the amount due. If the amount due is not paid
within 10 days after the due date, the owner must pay an additional 5 percent of the amount due. Unit property taxes paid on or before Jan. 31 of the year
following the date on which they are due are not delinquent.
OTHER IMPORTANT INFORMATION
The chief appraiser or collector may examine the books and records of a dealer pursuant to Tax Code Sections 23.1241(g) and 23.1242(f).
SECTION 1: Dealer Information
___________________________________________________________________________________________________
Name of Dealer
_____________________________________________________________________ ___________________________
Website or Email Address* Phone (area code and number)
___________________________________________________________________________________________________
Current Mailing Address, City, State, Zip Code
SECTION 2: Authorized Representative
If you are an individual dealer ling this tax statement on your own behalf, skip to section 3; all other persons are required to complete this section.
Please indicate the basis for your authority to represent the dealer in ling this tax statement.
£
Officer of the company
£
General partner of the company
£
Attorney for the company
£
Agent for tax matters appointed under Tax Code Section 1.111 with completed and signed Form 50-162
£
Other and explain basis: _______________________________________________________________________________
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
50-266 • 08-17/10
PO Box 839950, San Antonio, TX 78283-3950
PO Box 830248, San Antonio, TX 78283-0248
