Annual Report and Personal Property Return as of January 1
st
Due by April 15
th
STATE OF MARYLAND, DEPARTMENT OF ASSESSMENTS AND TAXATION, PERSONAL PROPERTY DIVISION
P.O. Box 17052, Baltimore, Maryland 21297-1052 • www.dat.maryland.gov • (410) 767-1170 • (888) 246-5941 within Maryland
•
sdat.persprop@Maryland.gov
Name of Business
Mailing Address
FEDERAL EMPLOYER IDENTIFICATION NUMBER
MD DEPARTMENT ID NUMBER
DATE OF INCORPORATION OR FORMATION STATE OF INCORPORATION OR FORMATION
FEDERAL PRINCIPAL BUSINESS CODE
TRADING AS NAME
SECTION I
A. Is any business conducted in Maryland? ___________ Date began: ____________________________
(Yes or No)
B. Nature of business conducted in Maryland:________________________________________________
C. Does the business own, lease or use personal property located in Maryland? ______________ If No, skip SECTION II.
(Yes or No)
CHECK
ONE
ONLY CORPORATIONS COMPLETE ITEM D
D. Names and addresses of officers
and names of directors (type or print):
OFFICERS
Names Addresses
____________________________________________________
____________________________________________________
____________________________________________________
____________________________________________________
DIRECTORS
Names Names
____________________________________________________ ____________________________________________________
____________________________________________________ ____________________________________________________
____________________________________________________ ____________________________________________________
____________________________________________________ ____________________________________________________
Type or Print MD Department ID Number Here
ID
PREFIX
Check here
if this is a
change of
mailing address
Date Received
by Department
INCLUDE MD DEPARTMENT ID NUMBER ON CHECK
PLEASE STAPLE CHECK HERE
Filing
Fee
Dept. ID
Prefix
Filing
Fee
Domestic Stock Corporation
(W) $300
(Z) $300
(M) $300
(P) $300
(A) $300
(E) $300
(B) $300
Foreign Stock Corporation
Domestic Non-Stock Corporation
Foreign Non-Stock Corporation
Foreign Insurance Corporation
Foreign Interstate Corporation
SDAT Certified Family Farm
Real Estate Investment Trust
Type of Business
Domestic Limited Liability Company
Foreign Limited Liability Company
Domestic Limited Partnership
Foreign Limited Partnership
Domestic Limited Liability Partnership
Foreign Limited Liability Partnership
Domestic Statutory Trust
Foreign Statutory Trust
(S) $300
IMPORTANT REMINDERS
• Rules for 2015 personal property extensions:
Internet extension requests are due by April 15, 2015 and are free of charge.
Paper extension requests are due on or before March 16, 2015 and require a $20 processing fee for each entity.
•
The annual report f ling fee is $300 for most legal entities. Be sure to enclose the correct fee with the Form 1.
• Manufacturing/R&D application deadline is September 1, 2015. Exception for tax years beginning after June 30, 2009 - an
exemption application may be file within 6 months after the date of the firs assessment notice for the taxable year that
includes the manufacturing personal property. See instruction 11 for more information. A manufacturing exemption cannot be
granted unless a timely application is filed Once filed no additional applications are required in subsequent years.
• Entities requesting a revised assessment due to other missed exemptions (vehicles, software, charitable organizations, etc.) must fil that
request within three years of the April 15th date the return was originally due.
• Do not prepay late filin penalties or pay personal property taxes to this Department.
• Business entities that require a Trader’s License must
report commercial inventory on line item
.
• This return must be accompanied by Form 4A (Balance Sheet) or latest available balance sheet, and Form 4B (Depreciation Schedule), unless the
business does not own any personal property in Maryland. All information on pages 2 and 3 of this report and supporting schedules are held
conf dential by the Department and are not available for public inspection. Page 1 is public record (Tax-Property Article 2-212).
• If you discontinued business prior to January 1, 2015, notify the Department immediately, stating to whom and the date all personal property was
sold. If the business is sold on or after January 1, 2015 and before July 1, 2015
, submit statement of sale, including value of personal property, date
of sale, name and address of the buyer on or before October 1, 2015.
• File the pre-addressed return to ensure proper posting to your account.
• This return must be signed by an office or principal of the business.
• Make check for f ling fee payable to Department of Assessments and Taxation. Place the Department lD number on the check.
• Place the Department ID number on page 1 if the pre-addressed return is not used.
LATE FILING PENALTY
DO NOT PAY PENALTIES AT TIME OF FILING RETURN
• A business which f les an annual return postmarked after the due date of April 15, 2015 will receive an initial penalty of 1/10 of one percent of the
county assessment, plus interest at the rate of two percent of the initial penalty amount for each 30 days or part thereof that the return is late.
• Businesses which fail to f le this report will receive estimated assessments which will be twice the estimated value of the personal property owned.
2015
Form 1
continued
Page 4 of 4
DATE OF ASSESSMENT NOTIFICATION OFFICE USE ONLY
STANDARD DEPRECIATION RATE
Category A: 10% per annum*
All property not specificall listed below.
SPECIAL DEPRECIATION RATES
(The rates below apply only to the
items specif cally listed. Use Category A for other assets.)
Category B: 20% per annum*
Mainframe computers originally costing $500,000 or more.
Category C: 20% per annum*
Autos (unlicensed), bowling alley equipment, brain scanners, carwash
equipment, contractor’s heavy equipment (tractors, bulldozers), fax
machines, hotel, motel, hospital and nursing home furniture and f xtures
(room and lobby), MRI equipment, mobile telephones, model home
furnishings, music boxes, outdoor Christmas decorations, outdoor
theatre equipment, photocopy equipment, radio and T.V. transmitting
equipment, rental pagers, rental soda fountain equipment, self-service
laundry equipment, stevedore equipment, theatre seats, trucks
(unlicensed), vending machines, x-ray equipment.
Category D: 30% per annum**
Data processing equipment, canned software.
Category E:
33
1
⁄
3
% per annum*
Blinds, carpets, drapes, shades. The following applies to equipment
rental companies only: rental stereo and radio equipment, rental
televisions, rental video cassette recorders and rental DVDs and
video tapes.
Category F: 50% per annum*
Pinball machines, rental tuxedos, rental uniforms, video games.
Category G: 5% per annum*
Boats, ships, vessels, (over 100 feet).
Long-lived assets
Property determined by the Department to have an expected life in
excess of 10 years at the time of acquisition shall be depreciated at
an annual rate as determined by the Department.
* Subject to a minimum assessment of 25% of the original cost.
** Subject to a minimum assessment of 10% of the original cost.
DEPRECIATION RATE CHART FOR 2013 RETURNS
MAILING INSTRUCTIONS
Use the address below for:
• originally file 2015 personal property returns.
• originally file prior year returns.
State of Maryland
Department of Assessments & Taxation
Personal Property Division
PO Box 17052
Baltimore, Maryland 21297-1052
• Do not send Certifie Mail to this PO Box.
See box at right.
Use the address below for:
• US Postal Service Certifie Mail.
• all overnight delivery service mail.
• amended returns, correspondence, appeals,
applications, etc.
• late filin penalty payments.
State of Maryland
Department of Assessments & Taxation
Personal Property Division
301 W Preston St
Baltimore, Maryland 21201-2395
12/16
_
20__
Form 1
Page 1 of 4
Type of Business
Dept. ID
Prefix
(D) $300
(F) $300
(D) - 0 -
(F) - 0 -
(F) $300
(F) - 0 -
(A,D,M,W) $100
(D) $300
ID
PREFIX
E-mail Address
Note: Please include an e-mail address in order to receive important reminders from the Maryland Department of Assessments and Taxation.
President
Vice President
Secretary
Treasurer
____________________________________________
____________________________________________
____________________________________________
____________________________________________
Enter
the
Year
17
TOTAL COST COLUMNS A-G
ORIGINAL COST BY YEAR OF ACQUISITION
SPECIAL DEPRECIATION RATES (SEE PAGE 4)
ABCDE FGTOTAL COST
DESCRIBE B through G PROPERTY HERE:
20__
Form 1
continued
Page 2 of 4
BUSINESS TANGIBLE PERSONAL PROPERTY LOCATED IN MARYLAND
EACH QUESTION MUST BE ANSWERED—SEE INSTRUCTIONS
ROUND CENTS TO THE NEAREST WHOLE DOLLAR
(Incorporated Town)
SECTION II
A. IMPORTANT: Show the exact physical location(s) of all personal property owned and used in the State of Maryland,
including county, 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 II (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).
(Address, Number and Street) (Zip Code)
Check here if this location has changed from the prior year return.
Is the property located inside the limits of an incorporated town?
________________
(Yes or No)
Commercial Inventory. Furnish an average of 12 monthly inventory values taken in Maryland in prior year at cost or market value of
merchandise and stock in trade. Include products manufactured by the business and held for retail sale and inventory held on
consignment. (Do not include raw materials or supplies used in manufacturing.) Note: LIFO prohibited in computing inventory value.
Furnish from the latest Maryland Income Tax return:
Opening Inventory - Date _____________________
Closing Inventory - Date _____________________
Note: Businesses that need a Trader’s License must report commercial inventory here.
Supplies. Furnish the average cost of consumable items not held for sale (e.g., contractor’s supplies, office supplies, etc.)
Manufacturing/Research and Development (R&D) Inventory. Furnish an average of 12 monthly inventory values taken in Maryland
during prior year at cost or market value of raw materials, supplies, goods in process and finished products used in and resulting from
manufacturing/R&D by the business. (Do not include manufactured products held for retail sale.)
Furnish from the latest Maryland Income Tax return:
Opening Inventory - Date _____________________ Amount $ ________________________
Closing Inventory - Date ____________________ Amount $ ________________________
Average Commercial Inventory
Average Manufacturing/R&D Inventory
Average Cost
$
Furniture, fixtures, tools, machinery and equipment not used for manufacturing or research and development. State the original
cost of the property by year of acquisition and category of property as described in the Depreciation Rate Chart on page 4. Include all fully
depreciated property and property expensed under IRS rules.
Columns B through G require an explanation of the type of property being reported. Use the lines provided below. If additional space is needed,
provide a supplemental schedule. Failure to explain the type of property will result in the property being treated as Category A property
(see instructions for example).
2015
Form 1
continued
Page 3 of 4
Tools, machinery and 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 firs time, a
manufacturing / R&D exemption application must be submitted on or before September 1, 2015 before an
exemption can be granted. See instruction 11 for exception. Contact the Department or visit
www.dat.
maryland.gov for an application.
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.
Vehicles with Interchangeable Registration (dealer, recycler, f nance company, special mobile equipment, and transporter
plates) and unregistered vehicles should be reported here. See specifi instructions.
Non-farming livestock $ __________________________ $______________________________
(Book Value) (Market Value)
Other personal property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Cost $
File separate schedule giving a description of property, original cost and the date of acquisition.
Property owned by others and used or held by the business as lessee or otherwise. . . Total Cost $
File separate schedule
showing names and addresses of owners, lease number, description of property,
installation date and separate cost in each case.
Property owned by the business but used or held 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.
SECTION III This Section must be completed.
A. Total Gross Sales, or amount of business transacted during 2014 in Maryland: $ ________________________________________
If the business has sales in Maryland and does not report any personal property, explain how the business is conducted without
personal property. If the business is using the personal property of another business, provide the name and address of that business.
________________________________________________________________________________________________________
________________________________________________________________________________________________________
B. If the business operates on a fisca year, state beginning and ending dates: ____________________________________________
C. If this is the business’ firs Maryland personal property return, state whether or not it succeeds an established business and
give name: _______________________________________________________________________________________________
D. 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
E. Does the submitted balance sheet or depreciation schedule ref ect personal property located outside of Maryland?
yes no
If yes, reconcile it with this return.
F. Has the business disposed of assets or transferred assets in or out of Maryland during 2014?
yes no If yes, complete
Form 4C (Disposal and Transfer Reconciliation).
• PLEASE READ “IMPORTANT REMINDERS” ON PAGE 4 BEFORE SIGNING •
I declare under the penalties of perjury, pursuant to Tax-Property Article 1-201 of the Annotated Code of Maryland, 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 OFFICER OR PRINCIPAL OF OTHER ENTITY TITLE
XX
_______________________________________ __________________________________________________
SIGNATURE OF PREPARER DATE SIGNATURE OF CORPORATE OFFICER OR PRINCIPAL DATE
( ) ( )
_______________________________________ __________________________________________________
PREPARER’S PHONE NUMBER E-MAIL ADDRESS BUSINESS PHONE NUMBER E-MAIL ADDRESS
TOTAL COST $
TOTAL COST $
2014
2013
2012
2011 and prior
ORIGINAL COST BY YEAR OF ACQUISITION
2014
2013
2012
2011
2010
2009
2008
2007 and prior
ORIGINAL COST BY YEAR OF ACQUISITION
See top of page 4 for correct mailing address
Year
Acquired
& prior
(County)
Amount $ ________________________
Amount $ ________________________
$
$
17
2016
2015
2014
2013
2012
20
20
2011
0
0
0
0
0
0
0
0
0
2014
2013
2012
2011
2010
2009
2008
2007 and prior
TOTAL COST COLUMNS A-G
ORIGINAL COST BY YEAR OF ACQUISITION
SPECIAL DEPRECIATION RATES (SEE PAGE 4)
ABCDEFGTOTAL COST
DESCRIBE B through G PROPERTY HERE:
2015
Form 1
continued
Page 2 of 4
BUSINESS TANGIBLE PERSONAL PROPERTY LOCATED IN MARYLAND
EACH QUESTION MUST BE ANSWERED—SEE INSTRUCTIONS
ROUND CENTS TO THE NEAREST WHOLE DOLLAR
(County)
(Incorporated Town)
SECTION II
A. IMPORTANT: Show exact location of all personal property owned and used in the State of Maryland,
including county, 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 breakdown by locations by
completing additional copies of Section II for each location.
(Address, Number and Street) (Zip Code)
Check here if this location has changed from the 2014 return.
Is the property located inside the limits of an incorporated town? ________________
(Yes or No)
Furniture, f xtures, tools, machinery and equipment not used for manufacturing or research and development. State the original
cost of the property by year of acquisition and category of property as described in the Depreciation Rate Chart on page 4. Include all fully
depreciated property and property expensed under IRS rules.
Columns B through G require an explanation of the type of property being reported. Use the lines provided below. If additional space is needed,
provide a supplemental schedule. Failure to explain the type of property will result in the property being treated as Category A property (see
instructions for example). Refer to the 2015 Depreciation Rate Chart on page 4 for computer equipment rates for categories B and D.
Commercial Inventory. Furnish an average of 12 monthly inventory values taken in Maryland during 2014 at cost or market value of
merchandise and stock in trade. Include products manufactured by the business and held for retail sale and inventory held on
consignment. (Do not include raw materials or supplies used in manufacturing.) Note: LIFO prohibited in computing inventory value.
Furnish from the latest Maryland Income Tax return:
Opening Inventory - date _____________________ amount $ _________________________
Closing Inventory - date _____________________ amount $ _________________________
Note: Businesses that need a Trader’s License must
report commercial inventory here.
Supplies. Furnish the average cost of consumable items not held for sale (e.g., contractor’s supplies, offic supplies, etc.).
Manufacturing/Research and Development (R&D) Inventory. Furnish an average of 12 monthly inventory values taken in Maryland
during 2014 at cost or market value of raw materials, supplies, goods in process and f nished products used in and resulting from
manufacturing/R&D by the business. (Do not include manufactured products held for retail sale.)
Furnish from the latest Maryland Income Tax return:
Opening Inventory - date _____________________ amount $ _________________________
Closing Inventory - date _____________________ amount $ _________________________
Average Commercial Inventory
$
Average Manufacturing/R&D Inventory
$
Average Cost
$
Note: If all of the personal property of this business is located entirely in the following exempt counties: Frederick, Garrett, Kent, Queen
Anne’s, or Talbot, you may be eligible to skip the remainder of Section
II. Refer to Specif c Instructions, Section II, A for more information.
20__
Form 1
continued
Page 3 of 4
Tools, machinery and 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 within 6 months after the date of the
first assessment notice for the taxable year that includes the manufacturing / R&D property. Visit
www.dat.maryland.gov for an application.
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.
(Book Value) (Market Value)
Other personal property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TOTAL COST
$
$
File separate schedule giving a description of property, original cost and the date of acquisition.
Property owned by others and used or held by the business as lessee or otherwise. . .TOTAL COST
File separate schedule showing names and addresses of owners, lease number, description of property,
installation date and separate cost in each case.
Property owned by the business but used or held 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.
SECTION III This Section must be completed.
A. Total Gross Sales, or amount of business transacted during prior year in Maryland: $ ____________________________________
If the business has sales in Maryland and does not report any personal property, explain how the business is conducted without
personal property. If the business is using the personal property of another business, provide the name and address of that business.
________________________________________________________________________________________________________
________________________________________________________________________________________________________
B. If the business operates on a fiscal year, state beginning and ending dates: ____________________________________________
C. If this is the business’ first Maryland personal property return, state whether or not it succeeds an established business and
give name: _______________________________________________________________________________________________
D. 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
E. Does the submitted balance sheet or depreciation schedule reflect personal property located outside of Maryland? yes no
If yes, reconcile it with this return.
F. Has the business disposed of assets or transferred assets in or out of Maryland during the prior year? yes no
If yes, complete Form 4C (Disposal and Transfer Reconciliation).
• PLEASE READ “IMPORTANT REMINDERS” ON PAGE 4 BEFORE SIGNING
•
I declare under the penalties of perjury, pursuant to Tax-Property Article 1-201 of the Annotated Code of Maryland, 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
_______________________________________
X
SIGNATURE OF PREPARER DATE
_________________ _____________________
PREPARER’S PHONE NUMBER E-MAIL ADDRESS
__________________________________________________
PRINT OR TYPE NAME OF CORPORATE OFFICER OR PRINCIPAL OF OTHER ENTITY TITLE
X
__________________________________________________
SIGNATURE OF CORPORATE OFFICER OR PRINCIPAL DATE
____________________ _____________________________
BUSINESS PHONE NUMBER E-MAIL ADDRESS
TOTAL COST $
TOTAL COST $
Year Acquired Original Cost
See top of page 4 for the correct mailing address.
& prior
Non-farming livestock $ __________________________ $______________________________
& prior
Vehicles with Interchangeable Registration (dealer, recycler, finance company, special mobile equipment, and transporter
plates) and unregistered vehicles should be reported here. See specific instructions.
Original Cost
Year Acquired
Year Acquired
Original Cost Year Acquired Original Cost
$
17
2015
2016
2012
2011
2014
2014
20
2013
20
0
2016
2015
2013
0
STATE OF MARYLAND, DEPARTMENT OF ASSESSMENTS AND TAXATION, PERSONAL PROPERTY DIVISION
301 West Preston Street, Room 801, Baltimore, Maryland 21201-2395 • www.dat.maryland.gov • (410) 767-1170 • (888) 246-5941 within Maryland
Personal Property Return As of January 1, 2015 Due April 15, 2015
Make
Address
Corrections
Here
Name of
Business
Mailing
Address
DEPARTMENT ID NUMBER FEDERAL EMPLOYER IDENTIFICATION NUMBER
ID#
PREFIX
DATE OF INCORPORATION OR FORMATION STATE OF INCORPORATION OR FORMATION FEDERAL PRINCIPAL BUSINESS CODE
TRADING AS NAME
SECTION I
A. Is any business conducted in Maryland? ___________ Date began: ____________________________
(Yes or No)
B. Nature of business conducted in Maryland:________________________________________________
C. Does the business own, lease or use personal property located in Maryland? ______________ If No, skip SECTION
II.
(Yes or No)
CHECK
ONE
ONLY CORPORATIONS COMPLETE ITEM D
D. Names and addresses of officer and names of directors (type or print):
OFFICERS
Names Addresses
President_____________________________________________ ____________________________________________________
Vice-President ________________________________________ ____________________________________________________
Secretary ____________________________________________ ____________________________________________________
Treasurer ____________________________________________ ____________________________________________________
DIRECTORS
Names Names
____________________________________________________ ____________________________________________________
____________________________________________________ ____________________________________________________
____________________________________________________ ____________________________________________________
____________________________________________________ ____________________________________________________
Type or Print Department ID Number Here
ID # PREFIX
Please check here if you want personal property
forms mailed to you next year.
Check here
if this is a
change of
address
Date Received
by Department
INCLUDE DEPARTMENT ID NUMBER ON CHECK
PLEASE STAPLE CHECK HERE
ID # Filing ID # Filing
Type of Business Prefi Fee Type of Business Prefi Fee
Domestic Stock Corporation (D) $300 Domestic Limited Liability Company (W) $300
Foreign Stock Corporation (F) $300 Foreign Limited Liability Company (Z) $300
Domestic Non-Stock Corporation (D) - 0 - Domestic Limited Partnership (M) $300
Foreign Non-Stock Corporation (F) - 0 - Foreign Limited Partnership (P) $300
Foreign Insurance Corporation (F) $300 Domestic Limited Liability Partnership (A) $300
Foreign Interstate Corporation (F) - 0 - Foreign Limited Liability Partnership (E) $300
SDAT Certif ed Family Farm (A,D,M,W) $100 Domestic Statutory Trust (B) $300
Real Estate Investment Trust (D) $300 Foreign Statutory Trust (S) $300
IMPORTANT REMINDERS
• Rules for personal property extensions:
o Internet extension requests are due by April 15
th
and are free of charge. The on-line extension request is available beginning February 1
st
at
www.dat.maryland.gov.
o Paper extension requests (Form AT3-71) are due on or before March 15
th
and require a $20 processing fee for each Department ID Number.
• The annual report filing fee is $300 for most legal entities. Be sure to enclose the correct fee with the Form 1. The check should note the
Department ID Number and be payable to Department of Assessments and Taxation.
• Manufacturing/R&D exemption application must be filed within 6 months after the date of the first assessment notice for the taxable year
that includes the manufacturing personal property. See instruction 11 for more information. A manufacturing exemption cannot
be granted unless a timely application is filed. Once filed, no additional applications are required in subsequent years.
• Entities requesting a revised assessment due to other missed exemptions (vehicles, software, charitable organizations, etc.) must file that request
within three years of the April 15
th
date the return was originally due.
• Do not prepay late filing penalties or pay personal property taxes to this Department.
• Business entities that require a Trader’s License must report commercial inventory in Section II Line Item 2. If commercial inventory is
located in two or more jurisdictions, provide a breakdown for each location.
• This return must be accompanied by Form 4A (Balance Sheet) or latest available balance sheet, and Form 4B (Depreciation Schedule),
unless the business does not own any personal property in Maryland. All information on pages 2 and 3 of this report and supporting schedules are
held confidential by the Department and are not available for public inspection. Page 1 is public record (Tax-Property Article 2-212).
• If you discontinued business prior to January 1
st
, notify the Department in writing prior to the April 15
th
filing deadline, stating to whom and the date
all personal property was sold.
• If the business is sold on or after January 1
st
and before July 1
st
, submit Form AT3-45 (available at www.dat.maryland.gov) along with the
statement of sale, including the value of personal property, date of sale, name and address of the buyer. This must be in our office no later than
October 1
st
of the same year.
• To ensure proper posting to your account, please include your Department ID Number on your return and in all communications with the Department.
• This return must be signed by an officer or principal of the business.
• Place the Department ID Number on page 1.
LATE FILING PENALTY
DO NOT
PAY PENALTIES AT TIME OF FILING RETURN
• A business which files an annual return postmarked after the due date of April 15
th
will receive an initial penalty of 1/10 of one percent of the county
assessment, plus interest at the rate of two percent of the initial penalty amount for each 30 days or part thereof that the return is late.
• Businesses which fail to file this report will receive estimated assessments which will be twice the estimated value of the personal property owned.
20__
Form 1
continued
Page 4 of 4
DATE OF ASSESSMENT NOTIFICATION OFFICE USE ONLY
STANDARD DEPRECIATION RATE
Category A: 10% per annum*
All property not specifically listed below.
SPECIAL DEPRECIATION RATES (The rates below apply only to
the items specifically listed. Use Category A for other assets.)
Category B: 20% per annum*
Mainframe computers originally costing $500,000 or more.
Category C: 20% per annum*
Autos (unlicensed), bowling alley equipment, brain scanners,
carwash equipment, contractor’s heavy equipment (tractors,
bulldozers), fax machines, hotel, motel, hospital and nursing home
furniture and fixtures (room and lobby), MRI equipment, mobile
telephones, model home furnishings, music boxes, outdoor
Christmas decorations, outdoor theatre equipment, photocopy
equipment, radio and T.V. transmitting equipment, rental
pagers, rental soda fountain equipment, self-service laundry
equipment, stevedore equipment, theatre seats, trucks
(unlicensed), vending machines, x-ray equipment.
Category D: 30% per annum**
Data processing equipment, canned software.
Category E: 33 11/3% per annum*
Blinds, carpets, drapes, shades. The following applies to
equipment rental companies only: rental stereo and radio
equipment, rental televisions, rental video cassette recorders and
rental DVDs and video tapes.
Category F: 50% per annum*
Pinball machines, rental tuxedos, rental uniforms, video games.
Category G: 5% per annum*
Boats, ships, vessels, (over 100 feet).
Long-lived assets
Property determined by the Department to have an expected life in
excess of 10 years at the time of acquisition shall be depreciated at
an annual rate as determined by the Department.
* Subject to a minimum assessment of 25% of the original cost.
** Subject to a minimum assessment of 10% of the original cost.
DEPRECIATION RATE CHART FOR PERSONAL PROPERTY
MAILING INSTRUCTIONS
For Initially Filed Returns Use the Address Below:
State of Maryland
Department of Assessments & Taxation
Personal Property Division
PO Box 17052
Baltimore, Maryland 21297-1052
Note: Do not send Certified Mail to this PO Box.
See the box to the right.
Use the Address Below for the Following Items Only:
• US Postal Service Certified Mail
• All overnight delivery service mail
• Amended returns, correspondence, appeals,
applications, etc.
• Late filing penalty payments
State of Maryland
Department of Assessments & Taxation
Personal Property Division
301 W Preston St
Baltimore, Maryland 21201-2395
10/14
_
2015
Form 1
Page 1 of 4
This form was printed from the DAT website.
17
