Effective January 1, 2018
Maryland will be separating the Annual Report and Personal Property Tax.
Return filings, which historically have been combined in Form 1. All business entities will still be required to file a two-page Annual Report, and directions within that document will determine whether or not they must also attach a Personal Property Tax Return. The majority of business owners—roughly 200,000—do not actually own any personal property and will not be required to complete that section.
For assistance in filing your annual report, contact the CORPSMART™ team at 800-737-8012.