Fillable Form 1 - Personal Property Return

2 12

BUSINESS TANGIBLE PERSONAL PROPERTY LOCATED IN MARYLAND

EACH QUESTION MUST BE ANSWERED—SEE INSTRUCTIONS

ROUND CENTS TO THE NEAREST WHOLE DOLLAR

Form 1

continued

SECTION

Page 2 of 4

A. IMPORTANT: Show exact location of all personal property owned and used in the State of Maryland,

including county, town, and street address (PO Boxes are not acceptable). This assures proper distribution

of assessments. If property is located in two or more jurisdictions, provide breakdown by locations by

completing additional copies of Section II for each location.

(County)

(Address, Number and Street)

(Zip Code)

Check here if this location has changed from the 2011 return.

(Incorporated Town)

Is the property located inside the limits of an incorporated town?

________________

(Yes or No)

Note: If all of the personal property of this business is located entirely in the following exempt counties: Frederick, Garrett, Kent, Queen

Anne’s, or Talbot, you may be eligible to skip the remainder of Section

. Refer to Speciﬁc Instructions, Section

, A for more information.

Furniture, ﬁxtures, tools, machinery and equipment not used for manufacturing or research and development. State the original

cost of the property by year of acquisition and category of property as described in the Depreciation Rate Chart on page 4. Include all fully

depreciated property and property expensed under IRS rules.

Columns B through G require an explanation of the type of property being reported. Use the lines provided below. If additional space is needed,

provide a supplemental schedule. Failure to explain the type of property will result in the property being treated as Category A property (see

instructions for example). Refer to the 2012 Depreciation Rate Chart on page 4 for computer equipment rates for categories B and D.

ORIgINAL COST BY YEAR OF ACQUISITION

SPECIAL DEPRECIATION RATES (SEE PAgE 4)

TOT L COST

2011

2010

2009

2008

2007

2006

2005

2004 and prior

TOTAL COST COLUMNS A-G

DESCRIBE B through G PROPERTY HERE:

ommercial Inventory. Furnish an average of 12 monthly inventory values taken in Maryland during 2011 at cost or market value of

merchandise and stock in trade. Include products manufactured by the business and held for retail sale and inventory held on

consignment. (Do not include raw materials or supplies used in manufacturing.) Note: LIFO prohibited in computing inventory value.

Furnish from the latest Maryland Income Tax return:

Average Commercial Inventory

Opening Inventory - date _____________________ amount $ _________________________

Closing Inventory - date ______________________ amount $ _________________________

Note: Businesses that need a Trader’s License must report commercial inventory here.

Supplies. Furnish the average cost of consumable items not held for sale (e.g., contractor’s supplies, ofﬁce supplies, etc.).

Average Cost

Manufacturing/Research and Development (R&D) Inventory. Furnish an average of 12 monthly inventory values taken in Maryland

√

during 2011 at cost or market value of raw materials, supplies, goods in process and ﬁnished products used in and resulting from

manufacturing/R&D by the business. (Do not include manufactured products held for retail sale.)

Furnish from the latest Maryland Income Tax return:

Average Manufacturing/R&D Inventory

Opening Inventory - date _____________________ amount $ _________________________

Closing Inventory - date ______________________ amount $ _________________________

This form was printed from the DAT web site.

Form 1 - Personal Property Return - 2012 Page 2

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