Get Tx Comptroller 50-286 2020

Filling out the TX Comptroller 50-286 form is essential for reporting property tax exemptions for motor vehicles leased for use other than production of income. This guide will provide you with step-by-step instructions to help you navigate the online application process effectively.

Follow the steps to complete your exemption application.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. In Section 1, select the ownership type from the options provided: Individual, Partnership, Corporation, or Other. Fill in the name of the property owner, their driver's license or federal tax ID number, and the name of the person preparing the application. Also, include the mailing address and contact number.
3. Continue to Section 2 to input details for each vehicle. Fill in the name of the lessee, their phone number, mailing address, and the physical location of the vehicle. Provide the vehicle identification number, year, make, model, body style, weight, and lease date.
4. Answer the questions regarding the lessee's affidavit. Indicate whether the lessee has signed an affidavit that designates the vehicle as not being held primarily for income production, and confirm if the property owner maintains this affidavit.
5. In Section 3, provide the printed name and signature of the property owner or authorized representative to certify that all information, including the exemption qualifications, is true and correct.
6. Review all the entered details in the form for accuracy. Make any necessary changes or corrections.
7. After thoroughly checking the form, save your changes or download the document for your records. You can also print or share the form as needed.

Begin completing your TX Comptroller 50-286 form online today!