Business Personal Property Rendition of Taxable Property Form 50-144
Important Information
GENERAL INFORMATION: This form is for use in rendering, pursuant to Tax Code
Section 22.01, tangible personal property used for the production of income that
you own or manage and control as a fiduciary on Jan. 1 of this year. This report is
confidential and not open to public inspection; disclosure is permitted pursuant to
the terms of Tax Code Section 22.27.
FILING INSTRUCTIONS: This document and all supporting documentation must be
filed with the appraisal district office in the county in which the property is taxable. Do
not file this document with the Texas Comptroller of Public Accounts. Contact
information for appraisal district offices may be found on the Comptroller’s website.
DEADLINES: Rendition statements and property report deadlines depend on property
type. The statements and reports must be delivered to the chief appraiser after Jan. 1
and no later than the deadline indicated below. On written request by the property
owner, the chief appraiser shall extend a deadline for filing a rendition statement or
property report to May 15. The chief appraiser may further extend the deadline an
additional 15 days upon good cause shown in writing by the property owner.
Rendition Statements and Reports Deadlines Allowed Extension(s)
Property generally April 15
• May 15 upon written
request
• Additional 15 days for
good cause shown
Property regulated by the Public Utility
Commission of Texas, the Railroad Commission
of Texas, the federal Surface Transportation
Board or the Federal Energy Regulatory
Commission. Tax Code Section 22.23(d).
April 30
• May 15 upon written
request
• Additional 15 days for
good cause shown
TERMINATED EXEMPTION: If an exemption terminates on a property, the person
who owns the property shall render for taxation 30 days from termination (Tax Code
22.02). If an exemption is denied on a property, within 30 days after the denial the
property shall be rendered (Tax Code 22.01(a)).
PENALTIES: The chief appraiser must impose a penalty on a person who fails to
timely file a required rendition statement or property report in an amount equal to
10 percent of the total amount of taxes imposed on the property for that year by
taxing units participating in the appraisal district. The chief appraiser must impose
an additional penalty on the person equal to 50 percent of the total amount of
taxes imposed on the property for the tax year of the statement or report by the
taxing units participating in the appraisal district if it is finally determined by a court
that:
(1) the person filed a false statement or report with the intent to commit fraud
or to evade the tax; or
(2) the person alters, destroys or conceals any record, document or thing, or
presents to the chief appraiser any altered or fraudulent record, document
or thing, or otherwise engages in fraudulent conduct, for the purpose
of affecting the course or outcome of an inspection, investigation,
determination or other proceeding before the appraisal district.
Denitions
Address Where Taxable: In some instances, personal property that is only
temporarily at its current address may be taxable at another location (taxable situs).
If you know that this is the case, please list the address where taxable.
Consigned Goods: Personal property owned by another person that you are selling
by arrangement with that person. If you have consigned goods, report the name
and address of the owner in the appropriate blank.
Estimate of Quantity: For each type or category listed, the number of items or
other relevant measure of quantity (e.g., gallons, bushels, tons, pounds, board feet).
Fiduciary: A person or institution who manages property for another and who
must exercise a standard of care in such management activity imposed by law or
contract.
Good Faith Estimate of Market Value: Your best estimate of what the property
would have sold for in U.S. dollars on Jan. 1 of the current tax year if it had been on
the market for a reasonable length of time and neither you nor the purchaser was
forced to buy or sell. For inventory, it is the price for which the property would have
sold as a unit to a purchaser who would continue the business.
Historical Cost When New: What you paid for the property when it was new or, if
you bought the property used, what the original buyer paid when it was new. If you
bought the property used and do not know what the original buyer paid, state what
you paid with a note that you purchased it used.
Inventory: Personal property that is held for sale to the public by a commercial
enterprise.
Personal Property: Every kind of property that is not real property; generally,
property that is movable without damage to itself or the associated real property.
Property Address: The physical address of the personal property on Jan. 1 of the
current tax year. Normally, the property is taxable by the taxing unit where the
property is located.
Secured Party: A person in whose favor a security interest is created or provided
for under a security agreement; see Business and Commerce Code Section 9.102 for
further details.
Security Interest: An interest in personal property or fixtures which secured
payment or performance of an obligation see Business and Commerce Code Section
1.201 for further details.
Type/Category: Functionally similar personal property groups. Examples are:
furniture, fixtures, machinery, equipment, vehicles and supplies. Narrower
groupings such as personal computers, milling equipment, freezer cases and
forklifts should be used, if possible. A person is not required to render for taxation
personal property appraised under Tax Code Section 23.24.
Year Acquired: The year that you purchased the property, or otherwise acquired.
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 4
