Can previous lease and rental payments be deducted from the cost of a piece of heavy equipment being sold?
Yes, interest payment can be deducted. Section 23.1241(a)(7) states that [...]
Is sales tax included in the sales price of heavy equipment or in the monthly lease or rental payment, as applicable?
Yes, the sales price includes the sales tax. The sales [...]
Can I file a rendition late?
The law provides for an extension of time to file [...]
How do I determine original cost?
To determine original cost, refer to your accounting records, such [...]
Is the information I render to TCAD confidential?
Yes. Information contained in a rendition cannot be disclosed to [...]
Can I use bookkeeping records as my rendition?
Yes. Attach these records to the rendition, sign and date [...]
What is the deadline to file a rendition?
The last day to file your rendition is April 15th. [...]
What types of property must be rendered?
Business owners are required by State law to render business [...]
Who must file a rendition?
Renditions must be filed by both owners of tangible personal [...]
I went out of business during the year. Will my business personal property taxes be prorated?
No. If you were in business January 1 you owe [...]