Available in All Texas Counties
Taxscribe transforms tax management for business owners and CPAs in Texas, streamlining the shift from paper forms to efficient online filing. Offering advanced user management, easy data import, intuitive form completion, smooth submission processes, and comprehensive analytics, Taxscribe makes tax filing easier. It ensures businesses of every scale effortlessly navigate Texas’s tax compliance requirements.
Available Forms:
- - Business Personal Property Rendition (50-144)
What is Tangible Personal Property?
In Texas, “Tangible personal property” means personal property that can be seen, weighed, measured, felt, or touched or that is perceptible to the senses in any other manner.
In Texas, “Tangible personal property” means personal property that can be seen, weighed, measured, felt, or touched or that is perceptible to the senses in any other manner.
Who should file a Tangible Personal Property tax return?
Anyone who owns Tangible Personal Property that is used to produce income should file a rendition with the County Appraisal District. A rendition is a report that lists all the taxable property you owned or controlled on Jan 1 of the filing year
Anyone who owns Tangible Personal Property that is used to produce income should file a rendition with the County Appraisal District. A rendition is a report that lists all the taxable property you owned or controlled on Jan 1 of the filing year
When you should file:
All Texas businesses must file their Tangible Personal Property Tax Renditions by April 15th with their County Appraisal District.
All Texas businesses must file their Tangible Personal Property Tax Renditions by April 15th with their County Appraisal District.
Exemption:
A person is entitled to an exemption from taxation of the tangible personal property that is held or used for the production of income if it has less than $2,500 of taxable value. The general deadline for filing an exemption application is before May 1.
A person is entitled to an exemption from taxation of the tangible personal property that is held or used for the production of income if it has less than $2,500 of taxable value. The general deadline for filing an exemption application is before May 1.
Extension:
On written request by the property owner, the chief appraiser must extend a deadline for filing a TPP 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.
On written request by the property owner, the chief appraiser must extend a deadline for filing a TPP 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.
Important Notes:
- In Texas, the Business Personal Property Rendition of Taxable Property is form 50-144
- if you fail to file your rendition before the deadline or you do not file it at all, a penalty equal to 10% of the amount of taxes ultimately imposed on the property will be levied against you. There is also a 50% penalty if a court finds you engaged in fraud or other actions with the intent to evade taxes.
- In Texas, the Business Personal Property Rendition of Taxable Property is form 50-144
- if you fail to file your rendition before the deadline or you do not file it at all, a penalty equal to 10% of the amount of taxes ultimately imposed on the property will be levied against you. There is also a 50% penalty if a court finds you engaged in fraud or other actions with the intent to evade taxes.
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