Free Lessor's Rendition or Property Report for Leased Automobiles - Texas

50-288 (Rev . 10-07/2)

CONFIDENTIAL

LESSOR'S RENDITION OR PROPERTY REPORT FOR LEASED AUTOMOBILES

This rendition covers property you own or manage and control as a fiduciary on January 1 of this year. You must file this rendition with the county appraisal district after January 1 and not later than April 15 of this year. On written request, the chief appraiser must extend the deadline to May 15. You may receive an additional 15-day extension if you request it in writing and show good cause for the extension. If the chief appraiser denies an exemption or an exemption applicable to a property on January 1 terminates during the tax year, you must file a rendition form within 30 days after the termination date. If you have previously filed a rendition form and it remains an accurate rendition of your property for this year, you may check the box below and sign this form . When required by the Tax Code or by the chief appraiser, the person rendering property shall use the model form adopted by the Comptroller of Public Accounts, or use a form containing information that is in substantial compliance with the model form if approved by the comptroller . The chief appraiser may request, either in writing or by electronic means, that you provide a statement containing supporting information indicating how the value rendered was determined . The statement must: 1. summarize information sufficient to identify the property including the physical and economic characteristics relevant to the opinion of value, if appropriate, and the source of the information used; 2 . state the effective date of the opinion of value; and 3. explain the basis of the value rendered. If your business has 50 or less employees, you may base the value estimate on the depreciation schedules used for federal income tax purposes . You must deliver the statement within 21 days of the request.
Appraisal district name Tax year

Appraisal district address

Phone (area code and number)

Step 1:

Name of Owner (Leasing Company)

Phone (area code and number)

Name and Present mailing address address of owner (Lease Company) City, town or post office, state, ZIP code

Step 2:
Name and address of authorized agent

Type of ownership

Individual
Authorized agent's name Present mailing address

Partnership

Corporation

Trust

Other (describe) ______________________
Phone (area code and number)

City, town or post office, state ZIP code

Step 3:
Rendition statement

By checking this box, I affirm that the information contained in my most recent rendition statement filed for a prior tax year (this rendition was filed for the ____ tax year) continues to be complete and accurate for the current tax year .
Vehicle Identification Number Model Name of Lessee Address where vehicle is kept City, town or post office, state, ZIP code County Weight** Year Lease Date Make County Body Style /Type Purchase Date

Step 4:
Vehicle ID, lessee's name, vehicle physical location and other required information or attach Schedule A report of leased vehicles, see page 2.***

Property Owner's Value Estimate (optional)* Phone (area code and number)

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

50-288 page 2 (Rev . 10-07/2)

CONFIDENTIAL

LESSOR'S RENDITION OR PROPERTY REPORT FOR LEASED AUTOMOBILES

Are you the property owner, an employee of the property owner, or an employee of a property owner on behalf of an affiliated entity of the property owner? Yes No This form must be signed and dated . By signing this document, you attest that the information contained on it is true and correct to the best of your knowledge and belief . If you checked "Yes" above, sign and date on the first signature line below. No notarization is required.

Signature

__________________________________________________________________ Date _________________

If you checked "No" above, you must complete the following: I swear that the information provided on this form is true and correct to the best of my knowledge and belief .

Signature

__________________________________________________________________ Date _________________

Subscribed and sworn before me this ________________day of ________________________________, 20__________ .
__________________________________________________________

Notary Public, State of Texas

Section 22 .26 of the Property Tax Code states: (a) Each rendition statement or property report required or authorized by this chapter must be signed by an individual who is required to file the statement or report. (b) When a corporation is required to file a statement or report, an officer of the corporation or an employee or agent who has been designated in writing by the board of directors or by an authorized officer to sign in behalf of the corporation must sign the statement or report. 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 Section 37.10, Penal Code. If you fail to timely file a rendition or property report required by Texas law, the chief appraiser must impose a penalty in an amount equal to 10 percent of the total taxes due on the property for the current year. If the court determines that you filed a false rendition or report with the intent to commit fraud or to evade the tax or you alter, destroy, or conceal any record, document, or thing or present to the chief appraiser any altered or fraudulent record, document, or thing, or otherwise engage in fraudulent conduct for the purpose of affecting the outcome of an inspection, investigation determination, or other proceeding before the appraisal district, the chief appraiser must impose an additional penalty equal to 50 percent of the total taxes due on the property for the current year.
* NOTE: Although rendering a value is not required, such action entitles the property owner to be notified if an appraised value greater than the rendered value is to be submitted to the appraisal review board. Property owners may protest appraised values before the appraisal review board. (Tex. Property Tax Code Section 25.19) ** If vehicle empty weight exceeds 9,000 pounds, the vehicle does not qualify for this exemption. *** Or a format/form with all required information from Step 3, which has received substantial compliance approval from the comptroller. This information may be submitted electronically if the appraisal district agrees.

50-288 page 3 (Rev . 10-07/2)

SCHEDULE A: REPORT OF LEASED VEHICLES
Name of Lessee Address where vehicle is kept City, town or post office, state, ZIP code Phone (area code and number) County

Vehicle Identification Number

Year

Make

Body Style/Type

Model

Weight***

Lease Date

Purchase Date

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 lessee's affidavit?
Name of Lessee Address where vehicle is kept City, town or post office, state, ZIP code

Yes Yes

No No

Property Owner's Value Estimate (optional)*

Phone (area code and number)

County

Vehicle Identification Number

Year

Make

Body Style/Type

Model

Weight***

Lease Date

Purchase Date

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 lessee's affidavit?
Name of Lessee Address where vehicle is kept City, town or post office, state, ZIP code

Yes Yes

No No

Property Owner's Value Estimate (optional)*

Phone (area code and number)

County

Vehicle Identification Number

Year

Make

Body Style/Type

Model

Weight***

Lease Date

Purchase Date

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 lessee's affidavit?
Name of Lessee Address where vehicle is kept City, town or post office, state, ZIP code

Yes Yes

No No

Property Owner's Value Estimate (optional)*

Phone (area code and number)

County

Vehicle Identification Number

Year

Make

Body Style/Type

Model

Weight***

Lease Date

Purchase Date

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 lessee's affidavit?
Name of Lessee Address where vehicle is kept City, town or post office, state, ZIP code

Yes Yes

No No

Property Owner's Value Estimate (optional)*

Phone (area code and number)

County

Vehicle Identification Number

Year

Make

Body Style/Type

Model

Weight***

Lease Date

Purchase Date

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 lessee's affidavit?

Yes Yes

No No

Property Owner's Value Estimate (optional)*