Free 50-286 Lessors Application for Personal Use Lease Automobile Exemptions - Texas



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50-286 (Rev. 9/03/1) LESSOR'S APPLICATION FOR PERSONAL USE LEASE AUTOMOBILE EXEMPTIONS Appraisal district name Year Phone (area code and number) Address This application is for an automobile you leased to another person on or after January 2, 2001 and you owned and leased to another person on January 1 of this year. You must file the completed form between January 1 and no later than April 30 of this year. Be sure to attach any additional documents requested. You must apply for this exemption every year. This exemption will not be automatically renewed. Step 1: Name and address of owner (Lease Company) Name of Owner (Leasing Company) Phone (area code and number) Present mailing address City, town or post office, state, ZIP code Name & Title of person preparing this application Driver's License, Personal I.D. Certificate, or Social Sec

50-286 (Rev. 9/03/1)

LESSOR'S APPLICATION FOR PERSONAL USE LEASE AUTOMOBILE EXEMPTIONS
Appraisal district name

Year

Phone (area code and number)

Address

This application is for an automobile you leased to another person on or after January 2, 2001 and you owned and leased to another person on January 1 of this year. You must file the completed form between January 1 and no later than April 30 of this year. Be sure to attach any additional documents requested. You must apply for this exemption every year. This exemption will not be automatically renewed. Step 1: Name and address of owner (Lease Company)
Name of Owner (Leasing Company) Phone (area code and number)

Present mailing address

City, town or post office, state, ZIP code

Name & Title of person preparing this application

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

Step 2: Name and address of lessee vehicle ID, vehicle physical location and other required information or attach Schedule A list of leased vehicles, see page 2.**

Name of Lessee

Phone (area code and number)

Present mailing address

City, town or post office, state, ZIP code

County

Vehicle Identification Number

Year

Make

Body Style Type

Model

Weight***

Lease Date

Address where vehicle is kept

City, town or post office, state, ZIP code

County

Has the lessee signed an affidavit designating the vehicle as not held for income production and not used for the production of income? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Has the property owner maintained the lessee's affidavit? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes Yes

No No

For Appraisal District Use
County Other Taxing Units School Other Taxing Units City Special District

I certify the information on this document and any information attached is true and correct to the best of my knowledge and belief.
Signature of Person Authorized to Sign for Lease Company Date

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 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. ** Or a format/form with all required information from Step 2, which has received substantial compliance approval from the comptroller. This information may be submitted electronically if the appraisal district agrees. *** If vehicle empty weight exceeds 9,000 pounds, the vehicle does not qualify for this exemption. NOTE: Section 11.252, Tax Code, provides that a vehicle is used primarily for non-income producing activities when 50 percent or more of the total mileage for a 12 month period was for non-income producing purposes, and the lessee files an affidavit of personal use with the leasing company.

50-286 page 2 (Rev. 9-03/1)

SCHEDULE A: LIST OF LEASED VEHICLES
Present mailing address City, town or post office, state, ZIP code Phone (area code and number) County

Name of Lessee

Address where vehicle is kept

City, town or post office, state, ZIP code

County

Vehicle Identification Number

Year

Make

Body Style/Type

Model

Weight***

Lease Date

Has the lessee signed an affidavit designating the vehicle as not held for income production and not used for the production of income?

Yes Yes

No No
County

Has the property owner maintained lessee's affidavit?
Present mailing address City, town or post office, state, ZIP code

Name of Lessee

Phone (area code and number)

Address where vehicle is kept

City, town or post office, state, ZIP code

County

Vehicle Identification Number

Year

Make

Body Style/Type

Model

Weight***

Lease Date

Has the lessee signed an affidavit designating the vehicle as not held for income production and not used for the production of income?

Yes Yes

No No
Phone (area code and number) County

Has the property owner maintained lessee's affidavit?
Present mailing address City, town or post office, state, ZIP code

Name of Lessee

Address where vehicle is kept

City, town or post office, state, ZIP code

County

Vehicle Identification Number

Year

Make

Body Style/Type

Model

Weight***

Lease Date

Has the lessee signed an affidavit designating the vehicle as not held for income production and not used for the production of income?

Yes Yes
City, town or post office, state, ZIP code Phone (area code and number)

No No
County

Has the property owner maintained lessee's affidavit?
Present mailing address

Name of Lessee

Address where vehicle is kept

City, town or post office, state, ZIP code

County

Vehicle Identification Number

Year

Make

Body Style/Type

Model

Weight***

Lease Date

Has the lessee signed an affidavit designating the vehicle as not held for income production and not used for the production of income?

Yes Yes

No No

Has the property owner maintained lessee's affidavit?

File Size: 116.4 kB
Pages: 2
Date: July 17, 2005
File Format: PDF
State: Texas
Category: Tax Forms
Author: Lulu Gomez
Word Count: 820 Words, 5,282 Characters
Page Size: Letter (8 1/2" x 11")
URL

http://www.window.state.tx.us/taxinfo/taxforms/50-286.pdf