INSTRUCTIONS FOR
BUSINESS ENTITY ANNUAL REPORT (FORM 1)
File online at BusinessExpress.Maryland.gov or send the fillable form and payment to:
Maryland Department of Assessments and Taxation, P.O. BOX 17052, BALTIMORE, MARYLAND 21297-1052
Do not send the form via email nor fax. Do not send multiple businesses in the same envelope. Mailed forms must be typed using the fillable form.
Do not make any handwritten changes, corrections or additions to the data, or to the form after it is printed, except your original signature and date.
Page 1
The Form 1 Business Entity Annual Report and Personal Property Return must be typed using the fillable form,
or submitted online at BusinessExpress.Maryland.gov (use the link, type the URL or use the QR code to the left).
HANDWRITTEN FORMS WILL NOT BE ACCEPTED.
The only handwritten marks we will accept are your original signature and date. Do not make any handwritten
changes, corrections or additions to the data, or to the form after it is printed.
BUSINESS TYPE AND FILING FEE.
Check the appropriate box for the type of entity filing this Annual Report.
If you are unsure of the entity type, you may search for the entity by name at BusinessExpress.Maryland.gov
In order to qualify for the 2024 MarylandSaves.org fee waiver, the exemption must have been awarded prior to 12/31/2023
SECTION I
The SDAT ID number is the number assigned to the entity by this Department. It begins with a letter that corresponds to the entity type followed
by eight (8) numbers. Please see the chart with entity types and filing fees, and make sure that the Departmental ID entered matches the entity
type submitting the report.
The FEIN is the nine (9) digit number assigned by the IRS. DO NOT ENTER YOUR SOCIAL SECURITY NUMBER even if you have chosen
to do business under your own SSN. The number should be in the format ##-#######.
The six (6) digit business code is optional. This is the NAICS classification code used for reporting the principal business activity to federal
agencies such as the IRS. An incomplete list of common codes is at www.irs.gov/pub/irs-soi/pf19_business_codes.pdf
The full business name must match the Departmental Records, including spelling, spacing, punctuation, and abbreviation. You may search for
the legal entity name at BusinessExpress.Maryland.gov
If the legal entity also uses a trade name (sometimes called a DBA), enter it on the Trade Name line.
Enter the full mailing address where you would like to receive tax bills and check the box if this is a change of address.
SECTION II
Only complete this section if you are filing a report for a Maryland or non-Maryland Corporation (Departmental IDs starting with D or F). Each
address may be a private or a business address.
SECTION III
Only complete this section if you are filing a report for a Maryland Corporation (Departmental IDs starting with D).
Only complete this section if you are filing a report for either a Domestic stock corporation with total sales exceeding $5,000,000 OR a
Tax-exempt, domestic nonstock corporation with an operating budget exceeding $5,000,000; HOWEVER, this subsection does not apply to a
privately held company if at least 75% of the company’s shareholders are family members.
An entity with an annual operating budget or annual sales of $5,000,000 or more seeking:
● State capital grant funding totaling $1,000,000 or more in a single fiscal year;
● State tax credits totaling $1,000,000 or in a single fiscal year; AND/OR
● State contracts with a total value of $1,000,000 or more
may be legally obligated to complete and return to SDAT with this Annual Report a Corporate Diversity Addendum that is required by COMAR
24.01.07.00
The Addendum and instructions for submitting the Addendum may be found at dat.maryland.gov/forms.
dat.maryland.gov
INSTRUCTIONS FOR
BUSINESS ENTITY ANNUAL REPORT (FORM 1)
File online at BusinessExpress.Maryland.gov or send the fillable form and payment to:
Maryland Department of Assessments and Taxation, P.O. BOX 17052, BALTIMORE, MARYLAND 21297-1052
Do not send the form via email nor fax. Do not send multiple businesses in the same envelope. Mailed forms must be typed using the fillable form.
Do not make any handwritten changes, corrections or additions to the data, or to the form after it is printed, except your original signature and date.
Page 2
SECTION IV
EXECUTION
The form may be executed either by a principal of the entity or by an authorized third party (such as a tax preparer).
By signing the annual report, you declare and attest, under the penalty of perjury, and pursuant to Tax-Property Article §1-201 of the Annotated
Code of Maryland, that the statements made, including those on any accompanying forms, schedules, and/or statements, have been examined by
you and, to the best of your knowledge and belief, this constitutes a true, correct, and complete Annual Report for the Entity listed.
Further, you are attesting to the accuracy and completeness of any accompanying Personal Property return(s). Incomplete or inaccurate Annual
Reports or Personal Property Returns will be rejected and not considered timely, possibly resulting in a late filing penalty. If no Personal Property
Return is included, you are attesting to owning a sum total of personal property in Maryland with an original cost of less than $20,000 on January
1, 2024.
Most entities are required to report Beneficial Ownership Information to the U.S. Department of the Treasury's Financial Crimes Enforcement
Network about the individuals who own or control business entities. More information can be found at www.fincen.gov/boi
SECTION V (BUSINESS PERSONAL PROPERTY RETURN (SECTION V)
Question A: Indicate whether or not business is conducted in Maryland.
Question B: Provide a short description of the activity of the business (i.e., “restaurant”, “construction”, “consulting”, or “real
estate investment”, etc.)
Question C. Provide the dollar amount of business transacted at all locations in the State of Maryland in. This amount includes
total gross sales, rents collected, charges/billing for services, etc., generated from business transacted in the State of Maryland
for the calendar year (2023) preceding the date of finality.
Question D. If the business is using the personal property of another business entity, provide the name, Department ID, and
address of that business.
Notice: Although it may be common practice not to report fully depreciated and/or expensed property on the Federal Income
Tax Return, it should be reported on the Business Personal Property Return and is subject to assessment. If the business owns
any fully depreciated and/or expensed personal property, and it is not reported in Section V, please complete Section VI
(formerly Form SD1). It may be necessary to include a schedule that contains a detailed description of the personal property,
the original cost, and the year of acquisition.
In addition, if the business has disposed of or transferred assets into or out of Maryland during the prior year, please complete
Section VI (formerly Form SD1) and provide the cost of the disposed/transferred property, the manner of disposal, and to
whom the property was transferred. Please provide sales agreements, settlement sheets, or other supporting documentation.
Location Information
Exact Location
Since local tax rates and exemptions differ in each county and in each incorporated town, the physical location of the tangible
business personal property within Maryland as of January 1st must be clearly indicated by the business.
Post Office Box numbers are not acceptable. If property is located in an incorporated town, supply the name of the town. An
incorporated town has its own government and defined municipal boundaries. Please visit dat.maryland.gov/businesspp under
Quick References Exemption Charts to see the current list of counties and incorporated towns within each county. Inventory is
deemed permanently located where the business is conducted. Although some jurisdictions may exempt inventory from an
assessment, entities that require a Trader's License should report commercial inventory in Question 2.
dat.maryland.gov
INSTRUCTIONS FOR
BUSINESS ENTITY ANNUAL REPORT (FORM 1)
File online at BusinessExpress.Maryland.gov or send the fillable form and payment to:
Maryland Department of Assessments and Taxation, P.O. BOX 17052, BALTIMORE, MARYLAND 21297-1052
Do not send the form via email nor fax. Do not send multiple businesses in the same envelope. Mailed forms must be typed using the fillable form.
Do not make any handwritten changes, corrections or additions to the data, or to the form after it is printed, except your original signature and date.
Page 3
Multiple Physical Locations
If property is located in two or more locations, please supply a breakdown per location by completing copies of the
Additional Locations Worksheet. The additional locations worksheet can be found on our website dat.maryland.gov/forms
For ease in reporting, entities may upload additional schedules up to 50MB when filing through Maryland Business Express. All
uploaded files must be in PDF format when filing through Maryland Business Express.
For businesses that currently provide excel worksheets and would prefer to continue, please email your supporting data to
Always include the complete name of the entity and the Department ID number.
SPECIAL INSTRUCTIONS FOR ITEMS 1-10
1. Furniture, Fixtures, Tools, Machinery and Equipment not used for Manufacturing or Research and
Development This property shall be reported at original cost by year of acquisition without depreciation, investment
credit, or trade- in of previously owned property. Include all fully depreciated and property expensed under IRS rules.
This includes, but is not limited to: office furniture, fixtures and equipment, factory equipment and machinery, shelves,
signs,
counters, etc. All property is to be reported under Category A unless specifically listed in another category.
Property reported in columns B through G requires a detailed description (e.g., Column C- Copiers, Fax, etc.). Failure
to provide the required detail will result in the reported property being assessed at 10% rate of depreciation.
Refer to the Depreciation Rate Chart on the following pages to determine the depreciation allowed for a particular type
of
property owned, used or held by the business (See Example, below)
Property shall be reported at original cost by year of acquisition without deduction of depreciation, investment credit,
or
trade-in of previously owned property. Include all fully depreciated personal and property expensed under IRS rules.
2.Commercial Inventory
Commercial Inventory is merchandise and stock in trade available for sale. This includes manufactured products sold
at retail by the manufacturer. An average of twelve (12) monthly inventories should be reported. Book inventories may
be used for months when physical inventories were not taken. Values are to be reported at cost or market value. LIFO
method of valuation is prohibited.
Business entities that need a Trader’s License (retail sales) or should report commercial inventory!
"If you are unsure of whether this applies to you, please contact your county's Clerk of the Court
at www.courts.state.md.us/pia/clerks. Maryland Annotated Code, Business Regulation Article §17-1808 allows
counties and municipalities to adopt a Uniform Trader's License Fee."
3.Supplies
Supplies are consumable items not held for sale (e.g., contractor's supplies, office supplies, etc.). Report the average
cost.
4.Manufacturing/Research and Development (R&D) Inventory
Manufacturing/Research and Development (R&D) Inventory is raw materials, supplies, goods in process and finished
products used in and resulting from manufacturing/R&D by the business. Include manufactured products sold at retail by the
manufacturer in item 2 Commercial Inventory.
An average of twelve (12) monthly inventories should be reported. Book inventories may be used for months when
physical
inventories were not taken. Values are to be reported at cost or market value.
dat.maryland.gov
INSTRUCTIONS FOR
BUSINESS ENTITY ANNUAL REPORT (FORM 1)
File online at BusinessExpress.Maryland.gov or send the fillable form and payment to:
Maryland Department of Assessments and Taxation, P.O. BOX 17052, BALTIMORE, MARYLAND 21297-1052
Do not send the form via email nor fax. Do not send multiple businesses in the same envelope. Mailed forms must be typed using the fillable form.
Do not make any handwritten changes, corrections or additions to the data, or to the form after it is printed, except your original signature and date.
Page 4
5.Tools, Machinery and Equipment used for Manufacturing or Research and Development (R&D)
Exemption Application Requirements: If the exemption is claimed for the first time, an Exemption Application for
Manufacturing and Research & Development must be submitted within 6 months after the date of the first assessment
notice for the taxable year that includes the manufacturing personal property, or September 1 of the affected assessment
year, before the exemption can be granted.
For more information as well as the application form, visit the Department's website at dat.maryland.gov.
Proceed
to the Businesses section, Business Personal Property and then Quick References. Reporting property on this line
item
is not a substitute for a manufacturing application nor an assumption of approved exemption.
6. Itemize motor vehicles with Interchangeable Registrations
and vehicles that are unregistered (unlicensed).
Vehicles registered in Maryland and classified A-P are exempt and should not be reported on the Personal Property Tax
return. Vehicles registered outside Maryland may also be exempt. Exempt vehicles include those registered in another
taxing jurisdiction and of a classification (A-P) described in Title 13, Subtitle 9, Part II of the Maryland Transportation
Article.
Interchangeable Registrations
include: dealer plates (Class 1A, 1B, 1C); recycler plates (Class 2); finance company plates
(Class 3); special mobile equipment plates (Class 4); and transporter plates (Class 5).
This property shall be reported
at original cost in the year of acquisition without deduction or depreciation, investment credit,
or trade-in of previously owned property. Include all fully depreciated personal property and property expensed under IRS
rules.
Motor vehicles with Interchangeable Registrations
and unregistered/unlicensed vehicles are not exempt and will be
assessed as Category C property at 20% depreciation per annum (subject to a minimum assessment of 10% of the original
cost).
7.Non-farming Livestock
Report book value and market value.
8. Other Tangible Personal Property
Include other tangible personal property not reported elsewhere on this return. Report total cost on the return and supply a
separate schedule including a description, the original acquisition cost, and the date of acquisition of the
property. Please see
additional instruction under Other Personal Property Assessment Exemptions. Qualified Data
Centers
as described in 2020 SB 397 and Tax General Art. § 11-239 of the Annotated Code of Maryland, should report
their personal property under All other personal property and attach a detailed schedule
9. Property Owned by Others and Used or Held by the Business
All property that is not owned by the business but is held by the business as lessee, on consignment, or otherwise must be
reported.
File separate schedule showing names and addresses of owners, lease number, description of property, installation date and
cost of each leased asset.
10. Property Owned by the Business and Used or Held by Others
All property that is owned by the business but is held by others as consignee, lessee or otherwise must be reported. All
leased property must be reported, including manufacturing equipment, and property leased to tax exempt organizations.
Manufacturer lessors shall report property which has been acquired other than by purchase at the retail selling price in
the
dat.maryland.gov
INSTRUCTIONS FOR
BUSINESS ENTITY ANNUAL REPORT (FORM 1)
File online at BusinessExpress.Maryland.gov or send the fillable form and payment to:
Maryland Department of Assessments and Taxation, P.O. BOX 17052, BALTIMORE, MARYLAND 21297-1052
Do not send the form via email nor fax. Do not send multiple businesses in the same envelope. Mailed forms must be typed using the fillable form.
Do not make any handwritten changes, corrections or additions to the data, or to the form after it is printed, except your original signature and date.
Page 5
year the property was manufactured (including property manufactured by a business for its own use). Manufacturing lessors
may not report this property using the cost of manufacture.
A separate schedule showing the names and addresses of lessees, lease numbers, description of property, installation date
and original cost by year of acquisition for each location must be supplied. Provide the physical street address of lessees.
Post Office Box numbers are not acceptable.
Excel schedules of leasing data may be submitted. Verify that the entity name and ID number are prominent on the
schedule.
Please note that a Form 1,
Business Entity Annual Report/Business Personal Property Tax Return are still required.
Submission of an excel or other spreadsheet does not constitute receipt of the required Form 1.
Example:
ORIGINAL COST BY YEAR OF ACQUISITION
SPECIAL DEPRECIATION RATES B-G (See
chart)
TOTAL COST
A
B
C
D
E
F
G
2023
2022
1,150
12,800
13,950
2021
3,104
8,400
11,504
2020
1,500
5,261
6,761
2019
2018
250
250
2017
9,127
500
9,627
2016
&
prior
Totals
14,881
750
5,261
21,200
42,092
Describe property identified in B - G above: Category D-2020 Personal Computer; Category E-2022,2021
RentalDVDs, Video Tapes, Vending Machine; Category C - 2018 Copier $250 -2017 Fax $500
dat.maryland.gov
INSTRUCTIONS FOR
BUSINESS ENTITY ANNUAL REPORT (FORM 1)
File online at BusinessExpress.Maryland.gov or send the fillable form and payment to:
Maryland Department of Assessments and Taxation, P.O. BOX 17052, BALTIMORE, MARYLAND 21297-1052
Do not send the form via email nor fax. Do not send multiple businesses in the same envelope. Mailed forms must be typed using the fillable form.
Do not make any handwritten changes, corrections or additions to the data, or to the form after it is printed, except your original signature and date.
Page 6
DEPRECIATION RATE CHART FOR PERSONAL PROPERTY
STANDARD DEPRECIATION RATE
Category A: 10% per annum*
All property not specifically listed below.
SPECIAL DEPRECIATION RATES
(The rates below apply only to the items specifically listed. Use Category A for other assets.)
Category B: 20% per annum*
Mainframe computers
originally costing $500,000 or more.
Category C: 20%
per annum*
Unlicensed vehicles, Bowling
alley equipment, brain scanners, carwash equipment, contractor’s heavy equipment (tractors,
bulldozers), fax machines, hotel, motel, hospital and nursing home furniture and fixtures (room and lobby), MRI equipment, mobile
telephones, model home furnishings, music boxes, outdoor Christmas decorations, outdoor theater equipment, photocopy
equipment, radio and T.V. transmitting equipment, rental pagers, rental soda fountain equipment, self-service laundry equipment,
stevedore equipment, theater seats, trucks (unlicensed), vending machines, x-ray equipment
Category D: 30%
per annum**
Data processing equipment and
other computer based equipment, canned software.
Category E: 33
11/3% per annum*
Blinds, carpets, drapes, shades. The following applies to
equipment rental companies only: rental stereo and radio
equipment, rental televisions, rental video cassette recorders and rental DVDs and video tapes.
Category F: 50%
per annum*
Pinball machines, rental
tuxedos, rental uniforms, video games.
Category G: 5%
per annum***
Boats, ships, vessels, (over 100 feet). Long-lived assets
Property determined by
the Department to have an expected life in excess of 10 years at the time of acquisition shall be
depreciated at an annual rate as determined by the Department.
* Subject to a
minimum assessment of 10% of the original cost.
** Subject to a
minimum assessment of 5% of the original cost.
***Subject to a
minimum assessment of 25% of the original cost
ADDITIONAL INFORMATION
TRANSFER OF PROPERTY
If a business transfers, sells, or disposes of all personal property on or after January 1, but before July 1, the Department
must be notified in writing on or before October 1
1. The notification must contain an itemized description of the property involved, the date and manner of transfer, the
name(s) and address of the new owner(s) of the property, the consideration received, and a copy of the sales agreement
(if available). Upon proper notification and compliance with MD Code, Tax Property Article § 10- 402, the
assessment shall be transferred to the new owner(s). See Form 21 as you may be required to complete and submit
it to the Department.
dat.maryland.gov
INSTRUCTIONS FOR
BUSINESS ENTITY ANNUAL REPORT (FORM 1)
File online at BusinessExpress.Maryland.gov or send the fillable form and payment to:
Maryland Department of Assessments and Taxation, P.O. BOX 17052, BALTIMORE, MARYLAND 21297-1052
Do not send the form via email nor fax. Do not send multiple businesses in the same envelope. Mailed forms must be typed using the fillable form.
Do not make any handwritten changes, corrections or additions to the data, or to the form after it is printed, except your original signature and date.
Page 7
OUT OF BUSINESS
If a business discontinues operations or goes out of business prior to January 1, and has not filed Articles of
Dissolution (Domestic Corporations), an Application for Termination (Foreign Corporations), a Certificate of
Cancellation (LLC) or a Withdrawal Notice (LLP, LP) with the Department’s Charter Division, a return or letter of
explanation detailing the date the business ceased operations and what happened to the property must be filed. Failure
to provide this information may result in an estimated assessment being made against the business and the
business not having good standing status.
Businesses that have not
filed Articles of Dissolution, an Application for Termination, a Certificate of Cancellation or a
Withdrawal Notice are legally active until they do so, or until their charters are forfeited (Domestic Corporations), or
their authority to do business is forfeited (Foreign Corporations, LLCs, LLPs, LPs, statutory trusts (formerly business
trusts), and REITs). See website Charter Business Services for frequently asked questions.
Please note that there are jurisdictions that will issue estimated business personal property tax bills if there is
no
indication that a business closed properly. The bills are not based on any assessment action taken by SDAT.
AUDIT OF RETURN
All personal property assessments, and any information, and figures reported on the personal property return,
accompanying schedules and related documents may be subject to audit. As a result of such audits, the Department may
issue corrected assessments.
AMENDED TAX RETURNS
Amended Business Personal Property Tax Returns can be filed to correct reporting errors or claim a missed exemption
(except for missed manufacturing exemptions) within 3 years of the April 15th date that the return was originally due.
Amended returns must be accompanied by information explaining why the personal property tax return is being amended
and reconciling the differences with the original tax return. Please write AMENDED across the top of page 1 and in the
REMARKS section, along with a brief explanation for the amended personal property tax return. You may also wish to
provide
additional detail for an amended return by making use of the Form SD1 and providing additional information
from other tax forms filed with the Comptroller of Maryland or the IRS. Again, please verify that your entity name
and
Department ID number figure prominently. Do not send a filing fee with an amended tax return. Amended tax
returns
should be mailed to:
Maryland Department of Assessments and Taxation, Business Personal Property Division
301
W. Preston Street Baltimore, Maryland 21201-2395
EXEMPTIONS
Personal Property Tax Exemptions provided by statute shall be strictly construed. Before an exemption can be
obtained, the taxpayer must show affirmatively that the exemption is clearly allowed.
Businesses may file amended returns to correct reporting errors or claim missed exemptions (except for missed
manufacturing exemptions) within three years of the April 15th date that the return was originally due. The following
are examples of two of the more common personal property tax exemptions. Manufacturing and Research and
Development, Tax Property Article § 7-225, basis for the exemption is the operation.
For manufacturing exemption requests, an application must be submitted on or before September 1 of the assessment
year in order to qualify for the current tax year. Please see dat.maryland.gov for the Manufacturing and R&D
Exemption Application. Section 7-104 of the Tax-Property Article of the Annotated Code of Maryland has been revised
to include subsection (d) that allows the owner of manufacturing personal property to file an application within 6
months after the date of the first assessment notice for a taxable year that includes the manufacturing personal property.
If the application is approved, the exemption shall be granted for the taxable year. This exception to the September 1
dat.maryland.gov
INSTRUCTIONS FOR
BUSINESS ENTITY ANNUAL REPORT (FORM 1)
File online at BusinessExpress.Maryland.gov or send the fillable form and payment to:
Maryland Department of Assessments and Taxation, P.O. BOX 17052, BALTIMORE, MARYLAND 21297-1052
Do not send the form via email nor fax. Do not send multiple businesses in the same envelope. Mailed forms must be typed using the fillable form.
Do not make any handwritten changes, corrections or additions to the data, or to the form after it is printed, except your original signature and date.
Page 8
deadline is applicable to taxable years beginning after June 30, 2009. No manufacturing exemption can be granted
unless a timely application is filed.
Once the exemption is granted to an entity, no additional manufacturing applications are required in subsequent years.
Manufacturing assets acquired after the exemption is granted will need to be described as well as the role the assets
play in the manufacturing process. If this information is not provided, the assets will likely be subject to assessment.
It will be necessary to provide the letter from the Department granting your entity the Manufacturing/R&D
Exemption,
to any companies that lease manufacturing equipment to your entity so that the leased equipment can
qualify for the exemption. The law specifically includes the following activities as part of the manufacturing process:
(1) the identification, design or genetic engineering of biological materials for research or manufacture; and (2) the
design, development or creation of computer software for sale, lease or license.
Other personal property assessment exemptions: All personal property owned by certain organizations,
including
religious groups, government, non-profit hospitals, cemetery and mausoleum com
panies, and certain
other organizations, or groups which meet certain “strict use” criteria is exempt. These are referred to as exempt
organizations and are fully exempt throughout Maryland from any assessment and taxation. In section V, F or in
Remarks, please give a brief explanation or reason for the exemption.
Charitable or Educational Purposes, Tax-Property Article § 7-202, exemption from assessment is based
on the property owned by the charitable or educational institution.
Non-stock educational or charitable exemptions are also obtained by filing an application. An organization must submit
written information detailing its operation in the form of the Department’s Charitable Application.
If the organization is required to file an IRS Form 990, it should be included with the application. Also, submit a
copy of the 501(c)(3) certification from the IRS. Please note that because the laws differ, organizations granted
exempt status by the Internal Revenue Service are not necessarily exempt from personal property taxation in
Maryland. The exemption applies to the assessment.
Entities that are granted an exemption under Tax Property Article 7-202, are still required to file the Form 1.
In addition, State law requires that certain types of personal property be fully
exempt from assessment
and taxation throughout Maryland. These include aircraft, farming implements, residential
(non-business) property, most registered vehicles, boats not more than 100 feet in length, customized
computer software, intangible personal property (e.g., stocks, bonds, patents, goodwill, trademarks,
etc.)
Full or partial exemptions may apply depending on the location of the property for:
manufacturing/R&D
machinery and equipment, manufacturing/R&D inventory and commercial
inventory. Visit the Department’s website for a Tax Property Article § 7-245
A person’s (any business entity’s) personal property is not subject to valuation or to property tax if
ALL
of the person’s personal property statewide has a total original cost less than $20000. This
exemption shall take effect July 1, 2022, and shall be applicable to all taxable years beginning after
December 31, 2021.
Additional supplemental detail-see the following documents:
Additional locations workbook
Form 21,
transfer, sale or disposal of all property in Maryland. No cost to file the document but should
be accompanied by sales agreement, receipts, or other documents (sales advertisement or bill of lading
indicating the removal of property).
Section VI (former Form SD-1)
offers detail from a balance sheet or depreciation schedule and may
not apply to all entities. It may not be necessary for you to complete one. It may only be required
under certain circumstances such as the following:
● Disposals and transfers Expensed and fully depreciated property
● Exempt property/Exempt organizations Amended returns
dat.maryland.gov
INSTRUCTIONS FOR
BUSINESS ENTITY ANNUAL REPORT (FORM 1)
File online at BusinessExpress.Maryland.gov or send the fillable form and payment to:
Maryland Department of Assessments and Taxation, P.O. BOX 17052, BALTIMORE, MARYLAND 21297-1052
Do not send the form via email nor fax. Do not send multiple businesses in the same envelope. Mailed forms must be typed using the fillable form.
Do not make any handwritten changes, corrections or additions to the data, or to the form after it is printed, except your original signature and date.
Page 9
HELPFUL LINKS
SDAT ONLINE FORMS: dat.maryland.gov/forms
FEDERAL EMPLOYER IDENTIFICATION NUMBER LOOKUP:
www.irs.gov/businesses/small-businesses-self- employed/employer-id-numbers
FEDERAL PRINCIPAL BUSINESS CODES LOOKUP:
www.irs.gov/pub/irs-pdf/i1040sc.pdf
(See pages C-16 and C-17 of IRS Publication Schedule C Instructions)
MARYLAND DEPARTMENT ID
NUMBER SEARCH: egov.maryland.gov/BusinessExpress/EntitySearch
REQUEST A PERSONAL PROPERTY
EXTENSION: pprextensions.dat.maryland.gov
FILE CURRENT
& PRIOR YEARS BUSINESS PERSONAL PROPERTY RETURNS ONLINE:
● To use this system you
must create an account at egov.maryland.gov/BusinessExpress
● Check “Yes” if the business
has or is required to have a Trader’s License (sometimes called a business license)
issued by the Circuit Court for the county or counties in which the business has locations.
● "If you are unsure of
whether this applies to you, please contact your county's Clerk of the Court at
www.courts.state.md.us/pia/clerks. Maryland Annotated Code, Business Regulation Article §17-1808
allows
counties and municipalities to adopt a Uniform Trader's License Fee."
Tax Property Article § 7-245
A person’s (any business entity’s) personal property is not subject to valuation or to property tax if ALL of
the person’s personal property statewide has a total original cost less than $20000. This exemption shall take
effect July 1, 2022, and shall be applicable to all taxable years beginning after December 31, 2021.
Mailing Address:
Mail the completed Business Entity Annual Report Form 1
AND any required payment to:
SDAT Business Personal Property
PO Box 17052
Baltimore, Maryland 21297-1052
Amended Business Entity Annual Report Form 1:
SDAT Amended Return
301 W. Preston Street
Room 801
Baltimore, Maryland 21201-2395
Any other correspondence:
SDAT
301 W. Preston Street
Room 801
Baltimore, Maryland 21201-2395
Questions about the Maryland $AVES fee waiver program
should be directed to the Maryland Small Business
Retirement Savings Board.
Maryland$aves
P.O. Box 534486
Pittsburgh, PA 15253-4486
dat.maryland.gov
