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Have You Seen Maryland SDAT’s Revised Annual Business Filing Forms?

Effective this month, the Maryland State Department of Assessments and Taxation (“SDAT”) will streamline its annual business filing process by revising the forms all entities are required to file.

Originally, SDAT required businesses to file a combined Annual Report and Personal Property Tax Return form (Form-1), which was confusing especially since many Maryland entities do not own any personal property. Now, the Annual Report and the Personal Property Tax Return sections on Form-1 will be separated and more clearly distinguish the dual purpose of the filing—hopefully eliminating confusion.

If you file the two-page Annual Report online through the Maryland Business Express platform (“MBE”), after answering the questions on the Annual Report, the MBE will automatically identify whether a Personal Property Tax Return should also be completed. Of course, the revised Form-1 can still be filed in person or by mail.

If you should have any questions, you should speak with your attorney or a representative of the SDAT’s Personal Property Valuation Unit. 



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