Free 50-118 Application for Youth Development Organization Property Tax Exemption - Texas

T S A

E X

Comptroller of Public Accounts FORM

50-118 (Rev. 8-03/9) [11.19 Rule 9.415]

YEAR

APPLICATION FOR YOUTH DEVELOPMENT ORGANIZATION PROPERTY TAX EXEMPTION
Appraisal district name Address Phone (area code and number)

This application covers property you owned on January 1 of this year or acquired during this year. You must file the completed form between January 1 and April 30 of this year. If you acquire the property after January 1 of this year and wish to qualify for the exemption this year, you must apply before the first anniversary of the date you acquired the property, or before the first anniversary of the date any property was acquired after January 1. Be sure to attach any additional documents requested. If the chief appraiser grants the exemption, you do not need to reapply annually, but you must reapply if the chief appraiser requires you to do so, or if you want the exemption to apply to property not listed in this application. You must notify the chief appraiser in writing if and when your right to this exemption ends. Return the completed form to the address above.

Step 1: Name and address of organization

Name of organization Present mailing address City, town or post office, state, ZIP code Phone (area code and number)

Name of person preparing this application

Driver's License, Personal I.D. Certificate, or Social Security Number*:

Title

Operator of organization (check appropriate box)

Individual

Corporation

Association Yes Yes No No

If operated by a corporation, is the corporation non-profit as defined by the Texas Non-Profit Corporation Act (art. 1396-1.01 VACS et. seq.)? ............................................

Step 2: State or national affiliation

Is the organization affiliated with a state or national organization whose primary purpose is promoting the spiritual, mental and physical development of youths? ..................................................
Name of state / national organization

Mailing address if different from above City, town or post office, state ZIP code Phone (area code and number)

Step 3: Answer these questions about the organization

1. Is this organization's primary purpose to promote the spiritual, mental and physical development of boys, girls, young men or young women? .............................................................. 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 has a shareholder or member sold his interest in the organization for a profit? ......................................... 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.

Yes

No

Yes

No

3. Please attach a list of salaries and other compensation for services paid in the last year. Also list any funds distributed to members, shareholders or directors in the last year. In each case, give recipient's name, type of service rendered or reason for payment and amounts paid. 4. Please 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 4: Answer these questions about the organization bylaws or charter

Please attach a copy of the charter, bylaws or other documents adopted by the organization which govern its affairs, and answer the following questions. 1. Does the organization use its assets in performing its youth spiritual, mental and physical development functions or of those of another youth development organzation?............................. 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 to an educational, religious, charitable or other similar organization that is qualified for exemption under Section 501(c)(3), Internal Revenue Code, as amended?.................................................................. If "YES," give the page and paragraph numbers. Page ________ Paragraph ________

Yes

No

Yes

No

Continue on Page 2

50-118 (Rev. 8-03/9) - Page 2

Step 5: Describe your property

PROPERTY TO BE EXEMPT: · Attach one Schedule A (REAL PROPERTY) form for EACH parcel of real property to be exempt. · Attach one Schedule B (PERSONAL PROPERTY) form listing ALL personal property to be exempt. · List only property owned by the organization. · 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 this information is true and correct to the best of your knowledge and belief.

Step 6: Sign the application

On behalf of (name of organization)

Date Title

print here

Authorized signature

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 Texas Penal Code Section 37.10.
* You are required to give us this information on this form, in order to perform tax related functions for this office. Section 11.43 of the Tax Code authorizes this office to request this information to determine tax compliance. The chief appraiser is required to keep the information confidential and not open to public inspection, except to appraisal office employees who appraise property and as authorized by Section 11.48(b), Tax Code.

50-118 (Rev. 8-03/9) - Page 3 [11.19-A]

Schedule A: Description of real property
· Complete one Schedule A form for EACH parcel qualified for exemption. · Attach all completed schedules to your application for exemption.
Name of owner

Legal description of property Appraisal district account number (Optional): Describe the primary use of this property.

Is the improvement currently under active construction or physical preparation? .............................................................. If under construction, when will construction be completed? (date) _______________________** If under physical preparation, check which activity the organization has done. (Check all that apply.) Architectural work Engineering work Soil testing Land clearing activities Site improvement work Environmental or land use study

Yes

No

Is the incomplete improvement designed and intended to be used exclusively by the qualified youth development associations when completed? ............................................................................................................................................ Does any portion of this property produce income?............................................................................................................ If "Yes," attach a statement describing use of the revenue. Is the land on which the incomplete improvement is located reasonably necessary for the use of the improvement by qualified youth development associations? .........................................................................................................................

Yes Yes

No No

Yes

No

List all other individuals and organizations that used this property in the past year, and give the requested information for each. NAME DATES USED ACTIVITY RENT PAID, IF ANY

Continue on additional sheets as needed. **An incomplete improvement exempted for the three years preceding the 2003 tax year is entitled to exemption for the 2003 tax year regardless of whether the property owner applies for the exemption for the 2003 tax year if the property otherwise qualifies. The chief appraiser may require the property owner to file an application to confirm the owner's qualification for exemption for the 2003 tax year. An exemption for an incomplete improvement is for five years. Effective January 1, 2006, the exemption will revert back to three years.

50-118 (Rev. 8-03/9) - Page 4 [11.19-B]

Schedule B: Description of personal property
· List all tangible property to be exempt on this schedule. · Attach all completed schedules to your application for exemption.
Name of owner

Is this property reasonably necessary for operation of the association / organization?

Yes

No

ITEM

LOCATION