Instructions For Maryland Personal Property Return

2011

Instructions for 2011 Form 1

Personal Property Return

General Information and Requirements

State of Maryland • Department of Assessments and Taxation • Personal Property Division • 301 West Preston Street, Room 801 • Baltimore, Maryland 21201-2395

1) WHO MUST FILE A RETURN

using this method, businesses should use the Department’s

A Maryland personal property return (Form 1) must be ﬁled by

extension request Form AT3-71 to help ensure that complete and

all busi nesses that are incorporated, qualiﬁed or registered to do

accurate information is submitted. Approved extensions will be

business in the State of Maryland as of January 1, 2011. This

recorded by the Department but will not be returned. Retain a copy

includes corporations, limited liability partnerships (LLP), limited

of the extension request for your records. The Department ID

liability companies (LLC), limited partnerships (LP), statutory

Number must be provided to ensure proper recording of any

trusts (formerly business trusts), and real estate investment trusts

extension request. Requests with incomplete or missing

(REIT). This return is required even if the business owns no

Department ID numbers will not be recorded. Do not list the

property in the State or has not conducted any business activity

business’ Federal Employer Identiﬁcation Number (EIN) on this

during the year. A business which fails to ﬁle this return will

form. No additional exten sion to ﬁle will be allowed. Extensions

receive an estimated assessment which will be twice the estimated

approved by the Internal Revenue Service or Maryland Comptroller

value of the personal property owned. In addition, failure to ﬁle will

of the Treasury for income tax returns will not be accepted.

result in forfeiture of the charter of a domestic corporation or

4) NAME CHANGES

forfeiture of the right to do business in the State of a foreign

Name changes must be made by amending the business’

corporation, LLC, LLP, LP, business trust, or REIT.

organizing document with the Department’s Charter Division.

A domestic corporation is organized and exists under the laws

of the State of Maryland. A foreign corporation is one incorporated

5) MAILING ADDRESS CHANGES

outside the State of Maryland and qualiﬁed or registered to do

Make necessary address corrections in the address area and

business in the State. A limited liability partnership is an entity that

check the address correction box on page 1 of the return.

has ﬁled a certiﬁcate of limited liability partnership. A limited

liability company is an entity that has ﬁled Articles of Organization.

6) FORMS/PRE-ADDRESSED RETURNS

A limited partnership is an entity that has ﬁled a certiﬁcate of

To ensure proper posting to your account, please ﬁle the pre-

limited partnership. A statutory trust (formerly business trust) is

addressed return. The pre-addressed return contains your

an entity that has ﬁled a certiﬁcate of trust. A real estate

Department ID number. Please use this number in all

investment trust is an entity that has ﬁled a declaration of trust.

communications with the Department. This number should also

Churches that are incorporated need only complete page 1 and the

appear on all checks accompanying the return.

signature section on page 3.

7) ANNUAL REPORT FILING FEES

2) WHEN AND WHERE TO FILE

The ﬁling fee for the privilege of maintaining a legal entity’s

At the beginning of each year, the Department mails a personal

existence in Maryland is $300 for most legal entities. This fee is

property return to all active businesses on record. If the business

due even if the entity does not own property in the State or did not

does not receive a return, it is still responsible for obtaining and

conduct any business during 2010. Checks should be made

ﬁling a return on time. The due date for ﬁling is April 15, 2011.

payable to the Department of Assessments and Taxation.

Originally ﬁled 2011 returns are to be sent to the:

Corporations not authorized to issue stock, churches and foreign

State of Maryland

interstate corporations are not required to pay a ﬁling fee. Refer to

Depart ment of Assessments and Taxation

the chart below for the proper ﬁling fee:

Personal Property Division

PO Box 17052

Type of Business

ID # Preﬁx

Filing Fee Amount

Baltimore, Maryland 21297-1052

Domestic Stock Corporation

(D)

$300

For all other mail, including Certiﬁed Mail, see mailing

Foreign Stock Corporation

(F)

$300

instructions on page 4 of Form 1.

Domestic Non-Stock Corporation

(D)

$ 0

Foreign Non-Stock Corporation

(F)

$ 0

Foreign Insurance Corporation

(F)

$300

3) EXTENSION OF TIME TO FILE

Foreign Interstate Corporation

(F)

$ 0

The Department may grant a 2 month extension to ﬁle the

Domestic Limited Liability Company

(W)

$300

return. To request an internet extension go to:

Foreign Limited Liability Company

(Z)

$300

and click on: 1) Businesses, 2) Personal

Domestic Limited Partnership

(M)

$300

Property Information and Forms, and 3) Filing Extension. This

Foreign Limited Partnership

(P)

$300

Domestic Limited Liability Partnership

(A)

$300

option is free of charge and offers Department ID look-up,

Foreign Limited Liability Partnership

(E)

$300

extension veriﬁcation, conﬁrmation numbers and recall lists by last

Domestic Statutory Trust

(B)

$300

year’s conﬁrmation number. Always print and keep a copy of the

Foreign Statutory Trust

(S)

$300

conﬁrmation number. The Department will automatically accept it

Real Estate Investment Trust

(D)

$300

as evidence of a valid approved extension in case there is ever a

SDAT Certiﬁed Family Farm

(A,D,M,W)

$100

problem. When you ﬁle for an extension via our website, do NOT

Amended Returns for any of the above

$ 0

also submit a paper extension request. This system is available 24

The ﬁling fee amount is also printed in the address area on the

hours a day, 7 days a week beginning February 1, 2011 through

pre-addressed return.

April 15, 2011. Please ﬁle early to avoid possible delays due to the

The 2006 General Assembly passed legislation reducing the

heavy usage of this system which occurs in the last week prior to

ﬁling fee to $100 for entities that qualify as a “Family Farm”. In

April 15

order for an entity to qualify as an SDAT Certiﬁed “Family Farm”, it

Extension requests submitted via paper documents must be

must be a domestic entity, declare in a charter provision to be a

post-marked or received by SDAT on or before March 15, 2011

“Family Farm” and meet certain speciﬁc requirements found in

and require a $20 non-refundable processing fee for each entity. If

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Instructions For Maryland Personal Property Return - 2011 Page 3

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