Form At3-28 - Annual Report And Personal Property Return Of Financial Institutions - 2017 Page 2

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17
FINANCIAL INSTITUTION PERSONAL PROPERTY RETURNS
20____
Personal property owned by the financial institution and used directly in the business activity of said institution is exempt. Do
FORM
not report the exempt property on this return. Any personal property that is leased, loaned or made available by the institution
AT3-28
for the use of a person whose business is not that of the institution is assessable and taxable. Tax-Property Article, Section
7-221.
Page 2
SECTION II
1a.
IMPORTANT
Show exact location of all assessable personal property owned and leased in the State of Maryland, including county, city, town
and street address (P.O. boxes are not acceptable). This assure proper distribution of assessments. If leased property is located
in two or more jurisdictions, provide breakdown by completing additional copies of Section II for each location.
(County)
Address, Number and Street
Zip Code
(Incorporated Town)
________
Is the property located inside the limits of an incorporated town?
(Yes or No)
1b.
Report all personal property covered in #1a above on a separate schedule and attach to this return.
INSTRUCTIONS
1.
File separate schedule showing names and addresses of lessees, lease number, description of property, installation date and original cost
by year of acquisition for each location. Schedule should group leases by county and town where the property is located. Manufacturer
lessors should submit the retail selling price of the property, not the manufacturing cost. Please submit in an Excel worksheet format on
3.5” disk if possible. Paper copies listing the above needed information are also acceptable.
2.
Most registered vehicles are exempt, Tax-Property Section 7-230. Motor vehicles with interchangeable registrations and vehicles that
are unregistered are taxable and must be reported.
3.
Rules for 2015 personal property extensions: Internet extension requests are due by April 15th and are free of charge. Paper extension
th
requests are now due on or before March 15
and require a $20 processing fee for each entity.
4.
th
The penalty for failure to file this report on or before April 15
, is 1/10 of 1% of the county assessment plus 2% of the initial penalty
amount for each 30 days or part thereof that the return is late. (The initial penalty amount shall not be less than $30 or more than $500.
Tax-Property Article Section 14-704.) In addition, failure to file return may cause forfeiture of the entity’s legal status or its authority
to do business in Maryland. DO NOT REPAY AN ANTICIPATED PENALTY. If a penalty is imposed, the entity will be billed after
the assessment is calculated.
5.
Mail this form to the State Department of Assessments and Taxation, Personal Property Division, 301 West Preston Street, Baltimore,
Maryland 21201-2395. All legal entities filing this return must include a $300 check payable to the Department of Assessments and
Taxation.
I declare under the penalties of perjury that this return, including any accompanying schedules and statements, has been examined by
me and to the best of my knowledge and belief is a true, correct and complete return.
Name of firm, other than taxpayer preparing this return
Print or type name of corporate office or principal of entity
Title
Signature of Corporate Officer or Principal
Date
Signature of preparer
Date
Preparer’s phone number
Business phone number
Email address
Email address

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