Form 50-118 Application for Youth Development Organization Property Tax Exemption - Texas

What Is Form 50-118?

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 50-118?A: Form 50-118 is the application for youth development organization property tax exemption in Texas.

Q: Who can use Form 50-118?A: Youth development organizations in Texas can use Form 50-118 to apply for property tax exemption.

Q: What is the purpose of Form 50-118?A: The purpose of Form 50-118 is to apply for property tax exemption for youth development organizations in Texas.

Q: Is there a deadline for submitting Form 50-118?A: Yes, Form 50-118 must be submitted to the county appraisal district by April 30th of each year.

Q: What supporting documents are required with Form 50-118?A: The required supporting documents may vary, but generally include the organization's bylaws, financial statements, and IRS determination letter.

Q: Are there any fees associated with submitting Form 50-118?A: No, there are no fees associated with submitting Form 50-118.

Q: How long does it take to process Form 50-118?A: The processing time may vary, but it generally takes a few weeks to several months to receive a decision on the application.

Q: What happens if the application is approved?A: If the application is approved, the youth development organization will be granted property tax exemption in Texas.

Q: What happens if the application is denied?A: If the application is denied, the youth development organization may appeal the decision or reapply in the future with additional information.