Personal property generally includes furniture, fixtures, office and industrial equipment, machinery, tools, supplies, inventory and any other property not classified as real property.

All corporations, limited liability companies (LLCs), limited liability partnerships (LLPs), and limited partnerships must file personal property returns with the Department of Assessments and Taxation.

A Maryland personal property return (Form2) must be filed by all sole proprietorships and general partnerships if they possess (own, lease, rent, use or borrow) business personal property or need a business license. A business which fails to file this return will likely receive an estimated assessment.

If there is more than one personal representative, the return must be made jointly by all. If there is no personal representative appointed, every person in actual or constructive possession of any property of the decedent is required to make and file a return.

Business Personal Property Tax is a tax assessed on tangible personal property businesses own. This type of property includes equipment, furniture, computers, machinery, and inventory, among other items not permanently attached to a building or land.

If you are a Maryland resident, you are required to file a Maryland income tax return if you are required to file a federal income tax return, and your gross income equals or exceeds the level for your filing status in Filing Requirements see above and in Instruction 1 of the Maryland resident tax booklet.

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The Personal Property Division information page of the SDAT Web site contains links to forms and instructions, brochures, exemptions, tax rate charts and more. Form 104 (PDF) - This form must be included with your filing of either the Form 103 Long, 103 Short or 102 Farms, whichever is applicable to your filing status.Pay your Personal Property tax online, and review information about the Heavy Equipment Rental Gross Receipts tax. Contact Us. Finance Department. We answer general tax questions. 11103(a), a taxpayer may submit an amended property tax return on or before 3 years from when the original return was due. Use Fill to complete blank online STATE OF MARYLAND (MD) pdf forms for free. Once completed you can sign your fillable form or send for signing.

Business Personal Property Form 103 In Maryland

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