Texas Personal Property Tax

Alerts and notices

The UltraTax/Texas Personal Property Tax application supports 1040, 1041, 1065, 1120, and 1120S entities. It prepares the generic county, Harris County, Dallas County, and Tarrant County business personal property tax returns from depreciation data entered in the Asset Detail dialog.

Texas forms and schedules: Generic county

  • Form 50-144 - Business Personal Property Rendition of Taxable Property
  • Form 50-162 - Appointment of Agent for Property Taxes
  • *Form 50-150 - Oil and Gas Property Rendition of Taxable Property
  • *Form 50-158 - Watercraft Rendition of Taxable Property
  • *Form 50-159 - Aircraft Rendition of Taxable Property
  • *Form 50-759 - Application for Property Tax Exemption: For Vehicle Used to Produce Income and Personal / Non-Income Producing Activities

* Non-calculating form

Texas forms and schedules: Harris County

  • Form 22.15 - Business Personal Property Rendition
  • Form 22.15-VEH - Confidential Vehicle Rendition
  • Form 11.251 - Application for Exemption of Good Exported from Texas ("Freeport Exemption")
  • Request for Extension
  • Additional 15 Day (Good Cause) Request for Extension of Time for Filing
  • *Form 11.254-V - Application for Exemption for Vehicle Used to Produce Income and Personal / Non-Income Producing Activities
  • *Form 22.15-AC - Business and Commercial Aircraft Rendition
  • *Form 22.15-VES - Vessel Rendition
  • *Form 25.25PP - Personal Property Correction Request/Motion

* Non-calculating form

Texas forms and schedules: Dallas County

  • Personal Property Return
  • Application for Exemption of Goods Exported from Texas ("Freeport Exemption")
  • Request for Extension of Time for Filing
  • *Aircraft Rendition

* Non-calculating form

Texas forms and schedules: Tarrant County

  • Form 1300A - Business Personal Property Rendition of Taxable Property with a Total Value Greater than $20,000
  • Form 1300B - Business Personal Property Rendition of Taxable Property with a Total Value Less than $20,000
  • Form 1301 - Confidential Leased, Loaned, or Owned Assets Rendition
  • Form 1320 - Application for Exemption of Goods Exported from Texas ("Freeport Exemption")
  • Form 1303 - Extension Request for Business Personal Property Rendition Filing Deadline
  • *Form 1302 - Business Aircraft Rendition
  • *Form 1322 - Application for Exemption of One Business / Personal / Mixed-Use Motor Vehicle

* Non-calculating form

Depreciation treatments required for all TX PPT assets

The Book or TX treatment must be entered for Texas Personal Property Tax returns. By default, the Book treatment transfers to the return. However, if the Complete return using the TX treatment within the Asset module field is marked on Screen Gen in the General folder for UltraTax/Texas Personal Property Tax, the TX treatment will transfer to the return.

Note: If you previously entered depreciation data for only the Tax treatment, you can copy asset data from the Tax treatment to the Book treatment or to the TX treatment.

Associations required for all TX PPT assets

  • Situs: Each asset must have Texas selected in the Situs field to transfer to the Texas Personal Property Tax return.
  • Location ID#: Enter the parcel number for the location filing the property tax return. A property tax return is created for each account number entered. This information transfers to the Property Identification Number field on Form 50-144, Form 22.15, Form 1300A or 1300B, or Dallas County Rendition.
  • County - TX: Select the county the asset is located in from the drop-down list.

    Note: The associations listed above are maintained by UltraTax CS and Fixed Assets CS and cannot be modified.

  • Type (For UltraTax CS 2013 and prior years): For all counties (except Harris, Dallas, and Tarrant counties), enter the type of property that the asset classifies for reporting purposes.
  • PPT Type - TX (For UltraTax CS 2014 and future years): For all counties (except Harris, Dallas, and Tarrant counties), enter the type of property that the asset classifies for reporting purposes.

    Note: For Harris, Dallas and Tarrant counties, the PPT Type specific to the county is required (Example: PPT Type DallasTX).

Additional associations for TX PPT assets

  • Location: Enter the location where the asset is located.
  • Orig acq cost (used): Enter the original cost for a used asset. For this information to properly transfer, you must designate the asset as used in the Asset Detail dialog.
  • Fair Market Value: Enter the estimated market value of the asset. For used assets, this field must be completed unless the Use Net Book Value from asset module when Fair Market Value association is blank option is marked on Screen TXGen.

    Note: UltraTax CS determines whether Schedules A or B for Form 50-144, or Form 22.15, will print based on the estimated market value of the asset. If no values are added, but the total market value is over $20,000, there is a checkbox on Screen TXpGen to print Schedules B and C.

  • Owner's name: If the asset is not owned by the client, enter the owner's name.
  • Owner's address: If the asset is not owned by the client, enter the owner's address.
  • Quantity: Enter the quantity of the asset. This information transfers to Form 50-144, Page 2.
  • PPT type - HarrisTX: Select the appropriate personal property type for the asset from the drop-down list. The property types and the forms they transfer to are listed in the following table.
    Property type Form
    Furniture & fixtures Form 22.15
    Office machines Form 22.15
    Mobile radio, telephones, PBX, cell phone, fax Form 22.15
    All other machinery & equipment Form 22.15
    Computers (PC and peripherals) Form 22.15
    Computers (Mainframe & servers) Form 22.15
    Miscellaneous Form 22.15
    Vehicles listed with Harris County Form 22.15-VEH
    Vehicles not listed with Harris County Form 22.15-VEH
    Special equipment Form 22.15-VEH
    Interstate vehicles Form 22.15-VEH

    If either of the vehicle property types is chosen, complete the following additional association fields.

    • License/reg/cert#
    • Mileage in state
    • Mileage out of state
    • Mileage total
    • Vehicle - Make/mfr
    • Vehicle - Model
    • Vehicle - Type/style
    • Year built
  • PPT type - DallasTX: Select the appropriate personal property type for the asset from the drop-down list. Assets with the following property types transfer to Form Dallas County Rendition.
    • Furniture & fixtures
    • Machinery & equipment
    • Office & telephone equipment
    • Computers & related equipment
    • Cars & pickups
    • Trucks 1 ton or more & trailers
    • Other
  • PPT type - TarrantTX: Select the appropriate personal property type for the asset from the drop-down list. Assets with the following property types transfer to Form 1300A or 1300B.
    • Furniture, machinery, signs, & leasehold
    • Office equipment & electronics
    • Computers & data equipment
    • Autos, trucks, trailer, & buses
    • Other

See also

Entering de minimis assets

UltraTax CS personal property tax returns