2023 ANNUAL REPORT MARYLAND STATE DEPARTMENT OF ASSESSMENTS AND TAXATION Form 1 th Business Services Unit, P.O. Box 17052, BALTIMORE, MARYLAND 21297-1052 Due April 17 Date Received Type of Business Dept.ID Filing Type of Business Dept. ID Filing by Department Check one business type below Prefix Fee Check one business type below Prefix Fee Domestic or Foreign Stock Corporation (D) or (F) $300 Domestic or Foreign Limited Liability Company (W) or (Z) $300 Domestic or Foreign Non Stock Corporation (D) or (F) -0- Domestic or Foreign Limited Partnership (M) or (P) $300 Domestic or Foreign Statutory Trust (B o (S) $300 Domestic or Foreign Limited Liability Partnership (A) or (E) $300 Foreign Interstate Corporation (F) -0- Foreign Insurance Corporation (F) $300 SDAT Certified Family Farm (A,D,M,W) $100 Real Estate Investment Trust (D) $300 For Immediate Submission – File Online at https://egov.maryland.gov/BusinessExpress/ The business has been approved by MarylandSaves for a waiver of its 2023 Annual Report filing fee. [ ] Yes [ ] No SECTION I – ALL BUSINESS ENTITIES COMPLETE PLEASE CHECK HERE IF THIS IS AN AMENDED REPORT NAME OF BUSINESS MAILING ADDRESS [ Check here if this is a change of mailing address. PLEASE NOTE : This will not change your principal office address. You must file a Resolution to Change a Principal OfficeAddress. DEPARTMENT ID NUMBER (Letter Prefix followed by 8-digits) FEDERAL EMPLOYER IDENTIFICATION NUMBER (9-digit number assigned by the IRS) FEDERAL PRINCIPAL BUSINESS CODE (If known, the 6-digit number on file with the IRS) NATURE OF BUSINESS TRADING AS NAME EMAIL ADDRESS Include an email to receive important reminders from the Department of Assessments and Taxation SECTION II - ONLY CORPORATE ENTITIES COMPLETE A. Corporate Officers (names and mailing addresses) President Vice President Secretary Treasurer B. Directors (names only) SECTION III – Completion Required Pursuant MDto Code, Tax Property Article §11-101 A. Is this business a (1) commercial enterprise or business that is formed in Maryland or does business in Maryland; or (2) a corporation, foundation, school, hospital, or other legal entity for which none of the earnings inure to the benefit of any private shareholder or individual holding an interest in the entity? [] Yes [ ] No If you answeredNo“ ” to Question A, please proceed to Question E. By proceeding to Question E, your signing of this Annual Report confirms, under penalties of perjury, that the entity filing this Annual Report is not required to submit a Corporate Diversity Addendum. Please see Instructions for additional information. If you answered “Yes” to Question A, please proceed to Questions B, C, and D. B. Is this business a limited liability company (LLC) owned by a single member? [Yes ] No[ ] C. Is this business a privately held company with at least 75% of the company’s shareholders who are family members? [ ] Yes [ ] No D. Is this business an entity that (1) has an annual operating budget or annual sales less than $5,000,000; [ ] Yes [ ] No and (2) does not qualify or seek to qualify for a "State benefit" as defined below ? TPS_Form 1 Annual Report Revised February 2023 Page 1 of 6 https://dat.maryland.gov |
Department ID # 2023 Form 1 Annual Report A “State benefit” means (1) a State capital grant funding totaling $1.00 million or more in a single fiscal year; (2) State tax credits totaling $1.00 million orin a single fiscal year; or (3) the receipt of a State contract with a total value of $1.00 million or more. “State contract” means a contract that (a) resulted from a competitive procurement process and (b) is not federally funded in any way. If you answered “Yes” to Question B, C, or D, please proceed to Question E. By proceeding to Question E, your signing of this Annual Report confirms, under penalties of perjury, that the entity filing this Annual Report is not required to submit a Corporate Diversity Addendum. Please see Instructions for additional information. If you answered “No” to Questions B, C, and D, you are legally obligated to complete and return to SDAT with this Annual Report a Corporate Diversity Addendum that is required by COMAR 24.01.07. The Addendum and instructions for submitting the Addendum may be found at https://dat.maryland.gov/Pages/sdatforms.aspx . Failure to complete and return the Addendum to SDAT may prohibit you from receiving certain State benefits. Please see Instructions for additional information. E. Required information for certain corporations. Please see instructions for more information. Total number of directors Total number of female directors SECTION IV – ALL BUSINESS ENTITIES COMPLETE A. Does the business own, lease, or use personal property, including inventory, located in Maryland with a [ ] Yes [ ] No total original cost of $20,000 or more? If you answered “No”, the business is not required to file a Business Personal Property Tax Return pursuant to MD Code, Tax Property Article §7-245. If you answered “Yes ”, you must complete and return a Business Personal Property Tax Return with this Annual Report. B.Did the entity dispose, sell or transfer ALL of its business personal property prior to January 1? [ ]Yes [ ] No If you answered yes , please complete form SD-1. Do not complete the Business Personal Property Return. For religious groups and charitable or educational organizations, the form SD-1 is optional. SECTION V – ALL BUSINESS ENTITIES COMPLETE By signing this form below, 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 in this Annual Report, including those on any accompanying forms, schedules, and/or statements, has been examined by you and, to the best of your knowledge and belief, is a true, correct, and complete Annual Report for the Entity listed in Section I. A. Corporate Officer or Principal of Entity: PRINT NAME X SIGNATURE _ DATE _ MAILING ADDRESS EMAIL ADDRESS PHONE NUMBER B. Firm or Individual, other than taxpayer, preparing this Annual Report/Personal Property Tax Return: PRINT NAME X SIGNATURE _ DATE _ MAILING ADDRESS EMAIL ADDRESS PHONE NUMBER PLEASE BE SURE TO SIGN THIS ANNUAL REPORT TO AVOID REJECTION BY THE DEPARTMENT! If filing by mail, please return with applicable filing fee to: Department of Assessments and Taxation, Business Services Unit P.O. Box 17052, Baltimore, Maryland 21297-1052 File Online: http://egov.maryland.gov/BusinessExpress 410-767-1330 • Email: sdat.cscc@maryland.gov TPS_Form 1 Annual Report TPS_Form 1 Annual Report Revised February 2023 Page 2 of 6 https://dat.maryland.gov |
BUSINESS PERSONAL PROPERTY TAX RETURN 2023 MARYLAND STATE DEPARTMENT OF ASSESSMENTS AND TAXATION, BUSINESS SERVICES DIVISION P.O. BOX 17052 Baltimore, Maryland 21297-1052; 410-767-1170 • 888-246-5941 within Maryland FORM 1 Due April 17th Date Received by Department NOTE : BEFORE FILLING OUT THIS PERSONAL PROPERTY RETURN MAKE CERTAIN YOU HAVE COMPLETED THE ANNUAL REPORT. A copy of the Annual Report form can be found online at https://dat.maryland.gov/Pages/sdatforms.aspx#BPP SECTION V - ALL BUSINESS ENTITIES COMPLETE NAME OF BUSINESS MD DEPARTMENT ID NUMBER (Letter prefix and 8 digits)* *Required to ensure the correct Departmental account is credited A. Mailing address B. Email address C.Is any business conducted in Maryland? [ ] Yes [ ] No D. Date began: E. Nature of business: F. If business operates on a fiscal year: Start date End date _ G.Total Gross Sales, or amount of business transacted during prior year in Maryland: $ If you report Total Gross Sales in question G of Section V, but do not report any personal property in Section VI, please explain how business is conducted without using personal property. If the business is using personal property of another business entity, please provide the name and address of that business entity below. H. Explanation: NAME OF THE OTHER BUSINESS MD DEPT. ID OF THE OTHER BUSINESS LOCATION OF THE OTHER BUSINESS REMARKS: TPS_Form 1 Annual Report TPS_Form 1 Annual Report Revised February 2023 Page 3 of 6 https://dat.maryland.gov |
BUSINESS PERSONAL PROPERTY TAX RETURN OF DEPT ID#_ _ 2023 Form 1 SECTION VIALL- BUSINESS ENTITIES COMPLETE A. PROVIDE THE ACTUAL, PHYSICAL LOCATION OF ALL PERSONAL PROPERTY IN MARYLAND. Show the exact physical location(s) of all personal property owned and used in the State of Maryland, including county, city or 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 a breakdown for each location by completing additional copies of Section VI (Pages 2 and 3 of Form 1). For 5 or more locations, please include the information per location in an electronic format (see Form 1 Instructions). [ ] Check here if this is a change of location. _ Address, include City or Town, County and Zip Code 1. Please provide the original cost by year of acquisition for any furniture, fixtures, tools, machinery and/or equipment not used for manufacturing or research & development: Year Acquired A B C D E F G Total Cost 2022 0 2021 0 2020 0 2019 0 2018 0 2017 0 2016 0 2015 & Prior 0 Totals 0 0 0 0 0 0 0 0 Describe property identified in B -G above: 2. Commercial Inventory – Furnish amounts from your most recent Maryland Income Tax Return. Note: Businesses that need a Trader’s License (Retail sales) must report commercial inventory here. Average Monthly Inventory $ Opening Inventory date Amount $ Closing Inventory date Amount $ 3. Supplies Average Cost $ 4. Manufacturing and/or Research and Development (R&D) Avg. Monthly Inventory $ TPS_Form 1 Annual Report Revised February 2023 Page 4 of 6 https://dat.maryland.gov |
BUSINESS PERSONAL PROPERTY RETURN OF DEPT ID# _ 2023 Form 1 5.Tools, machinery, and/or equipment used for manufacturing or research and development: State the original cost of the property by year of acquisition. Include all fully depreciated property and property expensed under IRS rules. If this business is engaged in manufacturing / R&D, and is claiming such an exemption for the first time, a manufacturing / R&D exemption application must be submitted by September 1 or within 6 months after the date of the first assessment notice for the taxable year that includes the manufacturing / R&D property. Visit the website dat.maryland.gov for an application and additional information. If the property is located in a taxable jurisdiction, a detailed schedule by depreciation category should be included to take advantage of higher depreciation allowances. Year Year A C D A C D Acquired Acquired 2022 2018 2021 2017 2020 2016 2019 2015 & prior Describe Property in C & D above: 0 6. Vehicles with interchangeable Registration and/or Unregistered vehicles : (dealer, recycler, finance company, special mobile equipment, and transporter plates) and unregistered vehicles should be reported here. See specific instructions Year Acquired Original Cost Year Acquired Original Cost 2022 2020 Total Cost 2021 2019 & prior 0 $ 7. Non-farming livestock: Book Value $ Market Value $ 8.Other personal property: Total Cost File separate schedule giving a description of property, original cost and the date of acquisition. $ 9.Property owned by others and used or held by the businessor lessee or otherwise: File separate schedule showing names and addresses of owners, lease number, description of opertyTotal Cost property installation date and separate cost in each case. $ 10. Property owned by the business, used by others as lessee or otherwise: Total Cost 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 where the property is located. Manufacturer lessors should submit the retail selling price of the property not the manufacturing cost. For additional information regarding separate schedules please see Form 1 instructions at https//dat.maryland.gov TPS_Form 1 Annual Report Revised February 2023 Page 5 of 6 https://dat.maryland.gov |
BUSINESS PERSONAL PROPERTY RETURN OF DEPT ID# 2023 Form 1 SECTION VII ALL - BUSINESS ENTITIES COMPLETE A. If this is the business’ first Maryland personal property return, state whether or not it succeeds an established business and give name: B.Does the business own any fully depreciated and/or expensed personal property located in Maryland? [ ] Yes [ ] No If yes, is that property reported on this return? [ ] Yes [ ] No C. If the business transfers assets in or out of Maryland, or disposes of assets ($200,000 or more or 50% of the total property) during the prior year, complete Form SD-1. For additional details see Form 1 instructions at https//dat.maryland.gov X Taxpayer’s Signature/Date Print Name Phone Number &E-mail Address X Preparer’s Signature/Date Phone Number & Email Address Name and Address of Preparer Mail the completed return to: If you have questions contact the Personal Property Division DEPARTMENT OF ASSESSMENTS AND TAXATION Telephone: 410-767-1170, Personal Property Division Toll free within Maryland 888-246-5941 P.O. BOX 17052 Email: SDAT.PersProp@Maryland.gov Baltimore, Maryland 21297-1052 DEPRECIATION RATE CHART FOR PERSONAL PROPERTY STANDARD DEPRECIATION RATE Category D: 30% per annum** Data processing equipment and other computer based equipment, Category A: 10% per annum* canned software. All property not specifically listed below. Category E: 33 11/3% per annum* SPECIAL DEPRECIATION RATES Blinds, carpets, drapes, shades. The following applies to (The rates below apply only to the items specifically listed. Use equipment rental companies only: rental stereo and radio Category A for other assets.) equipment, rental televisions, rental video cassette recorders and rental DVDs and video tapes. Category B: 20% per annum* Mainframe computers originally costing $500,000 or more. Category F: 50% per annum* Pinball machines, rental tuxedos, rental uniforms, video Category C: 20% per annum* games. Unlicensed vehicles, Bowling alley equipment, brain scanners, carwash equipment, contractor’s heavy equipment Category G: 5% per annum*** (tractors, bulldozers), fax machines, hotel, motel, hospital and Boats, ships, vessels, (over 100 feet). nursing home furniture and fixtures (room and lobby), MRI Long-lived assets equipment, mobile telephones, model home furnishings, music Property determined by the Department to have an expected boxes, outdoor Christmas decorations, outdoor theatre life in excess of 10 years at the time of acquisition shall be equipment, photocopy equipment, radio and T.V. transmitting depreciated at an annual rate as determined by the equipment, rental pagers, rental soda fountain equipment, Department. self-service laundry equipment, stevedore equipment, theatre seats, trucks (unlicensed), vending machines, x-ray * Subject tominimuma assessment of 10% of the original cost. equipment. ** Subject to a minimum assessment of 5% of the original cost. ***Subject tominimuma assessment of 25% of the original cost TPS_Form 1 Annual Report Revised February 2023 Pagehttps://dat.maryland.gov6 of 6 http://dat.maryland.gov |