Form 50-115 Application for Charitable Organization Property Tax Exemption - Texas

What Is Form 50-115?

This is a legal form that was released by the Texas Comptroller of Public Accounts - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 50-115?
A: Form 50-115 is the application for charitable organization property tax exemption in Texas.

Q: Who can use Form 50-115?
A: Charitable organizations in Texas can use Form 50-115 to apply for property tax exemption.

Q: What is the purpose of the application?
A: The purpose of the application is to request a property tax exemption for a charitable organization.

Q: Do I need to pay for the application?
A: No, there is no fee for filing Form 50-115.

Q: What supporting documents are required?
A: The application requires certain supporting documents, such as the organization's IRS determination letter and financial statements.

Q: Is the exemption automatic once I submit the application?
A: No, the chief appraiser will review the application and determine if the organization qualifies for the exemption.

Q: Are there any deadlines for submitting the application?
A: The application must be filed on or before April 30th of the tax year for which the exemption is sought.

Q: What happens if my application is approved?
A: If your application is approved, your charitable organization will be granted a property tax exemption for the designated tax year.