For immediate release:
April 6, 2022
| Contact:
Meghann Malone
|
SDAT’s 2022 Annual Business Filings Due Next Week
Annual Reports, Personal Property Tax Returns, Extension Requests Must Be Filed By
April 15; No Further Deadline Extensions Permitted
BALTIMORE – The
Maryland Department of Assessments and Taxation reminds
customers that 2022 Annual Reports, Personal Property Tax Returns, and deadline extension requests must be filed for both domestic and foreign business entities by
next Friday, April 15, 2022. The quickest and easiest way to submit these filings is through the department’s award-winning
Maryland Business Express website. These critical filings must be submitted by the April 15 deadline to remain in “good standing” status.
“SDAT is well-poised to help our customers with the annual filings process, and is very proud to have a fast and reliable system in place making it easier and faster than ever to plan, start, manage and grow a business here in Maryland,” said SDAT Director Michael Higgs.
In order to maintain “good standing” status, all business entities formed, qualified or registered to do business in Maryland must file an annual report every year. If your business owns, leases, or uses personal property in Maryland and/or maintains a trader’s license with a local unit of government in Maryland, you must also file a Personal Property Tax Return.
The current Annual Report filing fee for most domestic and foreign entities is $300, and
every entity has the option to extend the due date to June 15 at no charge. Legislation was submitted at the request of Governor Larry Hogan to amend Maryland’s Annual Report fee structure to be more competitive with those of neighboring states and incentivize online filing.
Regardless of the legislation’s outcome, all filing fees are due for 2022 annual filings.
SDAT strongly recommends that all business owners
sign up for our distribution list to
receive timely reminders to file these important documents and tax credit applications, and/or to receive general SDAT news updates.
For general questions about any of the information in this release, please contact SDAT's
Customer Service Contact Center at 410-767-1330. For questions specific to completing a Business Personal Property Tax Return, please call 410-767-1170 or email
SDAT.PersProp@Maryland.gov.
# # #
