Form 50-158 Watercraft Rendition of Taxable Property - Texas

What Is Form 50-158?

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 50-158?
A: Form 50-158 is the Watercraft Rendition of Taxable Property form in Texas.

Q: What is a watercraft rendition of taxable property?
A: A watercraft rendition of taxable property refers to reporting information about a watercraft for the purpose of property tax assessment.

Q: Who needs to file Form 50-158?
A: Owners of taxable watercraft in Texas need to file Form 50-158.

Q: When is Form 50-158 due?
A: Form 50-158 is typically due on or before April 15th each year.

Q: What information is required on Form 50-158?
A: Form 50-158 requires information about the watercraft, including its description, purchase price, and physical condition.

Q: Is there a penalty for not filing Form 50-158?
A: Yes, failure to file Form 50-158 or filing it late may result in penalties or interest charges.

Q: Can I claim exemptions on Form 50-158?
A: No, Form 50-158 is specifically for reporting taxable watercraft and does not provide for exemptions.

Q: Are there any special considerations for commercial vessels on Form 50-158?
A: Yes, commercial vessels have additional reporting requirements on Form 50-158, including providing revenue and expense information.