Fillable Form 50-113: Application for Exemption of Goods Exported

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Form 50-113: Application for Exemption of Goods Exported

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Form 50-113
Application for Exemption of Goods Exported
from Texas (Freeport Exemption)
Tax Year ______________
____________________________________________________________________________ ________________________________
Appraisal District’s Name Appraisal District Account Number (if known)
GENERAL INFORMATION: This application is used to claim a property tax exemption for freeport goods pursuant to Texas Constitution Article 8, Section 1-j and Tax Code Section
11.251.
FILING INSTRUCTIONS: This form and all supporting documentation must be filed with the appraisal district office in each county in which the property is taxable. Do not file this
document with the Texas Comptroller of Public Accounts.
SECTION 1: Property Owner/Applicant
Individual
Partnership
Corporation
Other (specify): _________________________________________________________
____________________________________________________________________________ ________________________________
Name of Property Owner Driver’s License, Personal I.D. Certificate
Social Security Number or Federal Tax I.D. Number*
______________________________________________________________________________________________________________
Physical Address, City, State, ZIP Code
__________________________________________ __________________________________________________________________
Primary Phone Number (area code and number) Email Address**
______________________________________________________________________________________________________________
Mailing Address, City, State, ZIP Code (if different from the physical address provided above)
SECTION 2: Authorized Representative
If you are an individual property owner filing this application on your own behalf, skip to Section 3; all other applicants are required to complete Section 2.
Please indicate the basis for your authority to represent the property owner in filing this application:
Officer of the company
General Partner of the company
Attorney for property owner
Agent for tax matters appointed under Tax Code Section 1.111 with completed and signed Form 50-162
Other and explain basis: __________________________________________________________________________________________
Provide the following information for the individual with the legal authority to act for the property owner in this matter:
____________________________________________________________________________ ________________________________
Name of Authorized Representative Driver’s License, Personal I.D. Certificate or
Social Security Number*
__________________________________________ _______________________________ _________________________________
Title of Authorized Representative Primary Phone Number (area code and number) Email Address**
______________________________________________________________________________________________________________
Mailing Address, City, State, ZIP Code
SECTION 3: Property Information
Provide the following information regarding the location of inventory.
______________________________________________________________________________________________________________
Address, City, State, ZIP Code
______________________________________________________________________________________________________________
Legal Description (if known)
Form developed by: Texas Comptroller of Public Accounts, Property Tax Assistance Division
For additional copies, visit:
comptroller.texas.gov/taxes/propert y-tax
50-113 • 02-20/17
Application for Exemption of Goods Exported from Texas (Freeport Exemption) Form 50-113
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 2
SECTION 3: Property Information (continued)
1. Will portions of this inventory be transported out of state this year? .............................................................................
Yes
No
2.
Have you applied for Sept. 1 inventory appraisal? ..............................................................................................
Yes
No
3. Were portions of your inventory transported out of this state throughout last year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
If no, because inventory was transported only part of year, give the months during which portions of your inventory were transported out of the state last year.
___________________________________________________________________________________________________________
4. Total cost of goods sold for the entire year ending Dec. 31, ______________ ................................................................. $ ____________________
5.
Total cost of goods sold that were shipped out of Texas within the applicable time frame after acquisition or being brought into
Texas last year, less the cost of any goods, raw materials or supplies incorporated into them that were not eligible for the freeport
exemption or were in Texas for more than the applicable number of days
...................................................................... $ ____________________
6. On what types of records do you base the amounts given above? (Check all that apply.)
Audited financial statement
Sales records
Internal reports
Bills of lading
Texas franchise tax report
Other (describe) ___________________________________________________________
7.
Percentage of last year’s value represented by freeport goods (line 5 divided by line 4). ............................................................ ___________________%
8. Will the percentage of goods transported out of Texas this year be significantly different than the percentage transported out last year? ............
Yes
No
If yes, why? _____________________________________________________________________________________________________________________________
9. What was the market value of your inventory on Jan. 1 of this year, or Sept. 1 of last year if qualified for Sept. 1 inventory appraisal? .............. $ ____________________
10.
What is the value of the inventory you claim will be exempt this year? ......................................................................... $ ____________________
SECTION 4: : Additional Documents to be Provided
You are required to attach to this application a description of the types of items in the inventory.
SECTION 5: Certication and Signature
If you make a false statement on this form, you could be found guilty of a Class A misdemeanor or a state jail felony under Penal Code Section 37.10.
“I,
_________________________________________________________________, swear or affirm the following:
Printed Name of Property Owner or Authorized Representative
1. that each fact contained in this application is true and correct; and
2. that the property described in this application meets the qualifications under Texas law for the special appraisal claimed.
_____________________________________________________________________ ________________________________
Signature of Property Owner or Authorized Representative Date
* Social security number disclosure may be required for tax administration and identification. (42 U.S.C. §405(c)(2)(C)(i); Tax Code §11.43(f)). A driver’s license number, personal identification number or social
security number disclosed in an exemption application is confidential and not open to public inspection, except as authorized by Tax Code §11.48(b).
** May be confidential under Government Code §552.137; however, by including the email address on this form, you are affirmatively consenting to its release under the Public Information Act.
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Application for Exemption of Goods Exported from Texas (Freeport Exemption) Form 50-113
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 3
Important Information
GENERAL INFORMATION
This application is used to claim a property tax exemption for freeport goods pursuant
to Texas Constitution Article 8, Section 1-j and Tax Code Section 11.251. The amount of
the exemption for this year is normally based on the percentage of inventory made up
by such goods last year. The exemption applies to items in inventory that:
• are or will be forwarded out of Texas within 175 days of the date you acquire
them or bring them into Texas; and
• are in Texas for assembling, storing, manufacturing, repair, maintenance,
processing or fabricating purposes.
For aircraft parts, the governing body of a taxing unit may, by official action, extend
the deadline by which freeport goods must be transported outside of the state to
no more than 730 days after acquiring or importing the property into the state. This
exemption does not apply to oil, natural gas or liquid or gaseous materials that are
immediate derivatives of the refining of oil or natural gas as defined by Comptroller
Rule 9.4201.
FILING INSTRUCTIONS
This form and all supporting documentation must be filed with the appraisal district
office in each county in which the property is taxable. Do not file this document with
the Texas Comptroller of Public Accounts.
APPLICATION DEADLINES
The completed application and supporting documents must be submitted to the
appraisal district between Jan. 1 and April 30 of the tax year for which you request
the exemption.
For good cause shown, the chief appraiser may extend the deadline for filing the
application by written order for a single period not to exceed 60 days. The chief
appraiser may disapprove the application and request additional information. If the
chief appraiser requests additional information, the information must be furnished
within 30 days after the date of the request or the application is denied.
For good cause shown, the chief appraiser may extend the deadline for furnishing
the information by written order for a single period not to exceed 15 days. If the chief
appraiser denies the application, that determination may be protested to the county
appraisal review board under Tax Code Chapter 41.
A late application must be filed on or before the later of June 15, or if applicable, the
60th day after the date the chief appraiser delivers notice to the property owner under
Tax Code Section 22.22, for the year for which the exemption is requested. Pursuant
to Tax Code Section 11.4391, if a late application is approved, the property owner is
liable to each taxing unit for a penalty equal to 10 percent of the difference between
the amount of tax imposed by the taxing unit on the inventory or property, a portion
of which consists of freeport goods, and the amount that would otherwise have been
imposed.
ANNUAL APPLICATION REQUIRED
This exemption requires an application each year the exemption is claimed.
REQUIRED DOCUMENTATION
This form and all supporting documentation must be filed with the appraisal district
office in each county in which the property is taxable so that the chief appraiser is able
to determine whether the statutory qualifications for the exemption have been met.
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Form 50-113: Application for Exemption of Goods Exported

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Completed 13 February 2022

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