Get the free Form 50-758 - window texas

This application is used to claim a property tax exemption for goods-in-transit as defined under Tax Code Section 11.253. It outlines the conditions under which the goods qualify for exemption and

How to fill out form 50-758 - window

How to fill out Form 50-758

1. Obtain Form 50-758 from the official website or authorized office.
2. Fill in the applicant's name in the designated section.
3. Provide the contact information, including address and phone number.
4. Enter the relevant tax identification number or social security number.
5. Indicate the purpose of the application in the specified area.
6. Complete any additional sections as required based on the type of request.
7. Review all provided information for accuracy before submission.
8. Sign and date the form where indicated.
9. Submit the completed form through the appropriate channel, whether by mail or electronically.

Who needs Form 50-758?

1. Individuals or businesses seeking a specific tax exemption or credit.
2. Tax professionals filing on behalf of clients.
3. Entities that must report certain operations or transactions for regulatory compliance.

People Also Ask about

What is property tax code 11.31 in Texas?

Texas Tax Code - TAX § 11.31. Pollution Control Property. (a) A person is entitled to an exemption from taxation of all or part of real and personal property that the person owns and that is used wholly or partly as a facility, device, or method for the control of air, water, or land pollution.

How does the Texas veteran property tax exemption work?

In Texas, veterans with a disability rating of: 100% are exempt from all property taxes. 70 to 100% receive a $12,000 property tax exemption. 50 to 69% receive a $10,000 property tax exemption.

What is the property tax code 11.251 in Texas?

Tangible Personal Property Exempt. (a) In this section, “freeport goods” means property that under Article VIII, Section 1-j, of the Texas Constitution is not taxable.

What is the goods in transit exemption in Texas?

A "goods in transit" exemption (Section 11.253) applies to goods acquired inside or outside Texas, detained for storing purposes by the person who acquired or imported the property, and then shipped to another location in or out of Texas within 175 days.

At what age do seniors stop paying property taxes in Texas?

To qualify for the age 65 or older residence homestead exemption, the individual must be age 65 or older, have an ownership interest in the property and live in the home as his or her principal residence.

What is the new law in Texas about property taxes?

In 2023, the $100,000 Homestead Exemption was permanently codified into the Texas Constitution when voters passed Proposition 4 with 83% of voters in support. This makes the $100,000 Homestead Exemption permanent, and homeowners will receive tax relief every single year, forever.

For pdfFiller’s FAQs

What is Form 50-758?

Form 50-758 is a tax form used in certain jurisdictions to report exemptions for property taxes related to disabled veterans.

Who is required to file Form 50-758?

Form 50-758 must be filed by veterans who have been determined to have a service-connected disability and wish to claim property tax exemptions.

How to fill out Form 50-758?

To fill out Form 50-758, individuals must provide personal identification information, details about their disability rating, and information regarding the property for which they are seeking an exemption.

What is the purpose of Form 50-758?

The purpose of Form 50-758 is to formally apply for property tax exemptions that are available for veterans with service-connected disabilities.

What information must be reported on Form 50-758?

Form 50-758 requires reporting of the veteran's name, identification number, details of the disability rating, and information about the property including ownership and location.