119.004 – RENDITION OF CERTAIN PERSONAL PROPERTY FOR AD
Texas Finance Code § 119.004
Summary
This law requires domestic and federal savings banks in Texas to report their personal property for ad valorem taxation, excluding certain items like furniture and vehicles. The reported value must account for debts and tax-free securities owned by the banks.
Applies to domestic and federal savings banks.
Excludes furniture, fixtures, equipment, and automobiles.
Value reported must deduct debts and tax-free securities.
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In simple terms: Learn about Texas's RENDITION OF CERTAIN PERSONAL PROPERTY FOR AD law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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