Md Form 1 – Fill Out and Use This PDF

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 Office Address.

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 theirs)

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

VicePresident

Secretary

Treasurer

B. Directors (names only)

*Required information for certain corporations, MD Code, Tax Property Article §11-101 - Please see instructions

*Total number of directors

*Total number of femaledirectors

D. Did the entity dispose, sell, or transfer ALL of its business personal property prior to January1?	[	Yes	[	No
If you answered yes, please complete form SD-1. Do not complete the Personal Property Tax Return.

If you answer "Yes" to questions A or B in Section Ill, and are not exempt as described in question A. please complete the Business Personal Property Tax Return, (Form 1 Sections V through VII) and return it, along with this Annual Report to the Department. The Personal Property Tax Return and important instructions can be found online at https://dat.maryland.gov/Pages/sdatforms.aspx#BPP.

If you answer "No" to the questions A and B in Section Ill, above you DO NOT need to complete the Personal Property Tax

Return. Please complete Section IV below, sign and return this Annual Report to the Department:

Department of Assessments and Taxation, Charter Division

Box 17052, Baltimore, Maryland 21297-1052

Questions? Contact Charter at 410-767-1340 • 888-246-5941 within Maryland • Email: sdat.charterhelp@maryland.gov

SECTION IV – ALL BUSINESS ENTITIES COMPLETE

By signing this form below, you declare, under the penalty of perjury, and pursuant to Tax-Property Article 1-201 of the Annotated Code of Maryland, that this Annual Report, including 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 ofEntity:

PRINTNAME

X SIGNATURE				DATE
MAILINGADDRESS
EMAIL ADDRESS				PHONE NUMBER

B. Firm or Individual, otherthan taxpayer, preparing this Annual Report/Personal PropertyTax Return:

PRINTNAME

X SIGNATURE					_ DATE			_
MAILINGADDRESS
EMAIL ADDRESS				PHONE NUMBER

PLEASE BE SURE TO SIGN THIS ANNUAL REPORT TO AVOID REJECTION BY THE DEPARTMENT!

SECTION V - ALL BUSINESS ENTITIES COMPLETE

NAME OF BUSINESS

MD DEPARTMENT IDNUMBER

(Letter prefix and 8 digits)*

*Required to ensure the correct Departmental account is credited

E. Nature ofbusiness:

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 OTHERBUSINESS

MD DEPT. ID OF THE OTHERBUSINESS

LOCATION OF THE OTHERBUSINESS

_

_

_

_

_

REMARKS:

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
2020								0
2019								0
2018								0
2017								0
2016								0
2015								0
2014								0
2013 & Prior								0
Totals								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. "If you are unsure of whether this applies to you, please contact your county's Clerk of the Court

at https://www.courts.state.md.us/pia/clerks. Maryland Annotated Code, Business RegulationArticle §17-1808 allows counties and municipalities to adopt a Uniform Trader's License Fee."

Average Monthly Inventory $
Opening Inventory date					Amount $
Closing Inventorydate					Amount $

3.Supplies Average Cost $

4.Manufacturing and/or Research and Development (R&D) Avg. Monthly Inventory $ ___________________

5. Tools, machinery, and/or equipment used for manufacturing or research anddevelopment:

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	A	C	D	Year	A	C			D
	Acquired				Acquired
2020					2016
2019					2015
2018					2014
2017					2013 & prior
	Describe Property in C & D above:									Total Cost
										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

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

$

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 locatedin Maryland?						[ ]	Yes		No
If yes, is that property reported onthis return?				No
	[	] Yes	[ ]

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

DEPRECIATION RATE CHART FOR PERSONAL PROPERTY