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2021 Form 1 Instructions - The Annual Report & Business ...

- Instructions FOR FORM 1 THE Annual Report & Business PERSONAL PROPERTY RETURN An Annual Report must be filed by all Business entities formed, qualified or registered to do Business in the State of Maryland, as of January 1st. Maryland State Department of Assessments and Taxation, Taxpayer Services Division Business Personal Property Division, 301 West Preston Street Room 801, Baltimore Maryland 21201 1052 WHO MUST FILE THE Annual Report The Annual Report is a required filing for all Business entities, regardless of whether the Business owns property, generates income or has conducted Business activity in Maryland during the preceding year.

Directors, Total number of Female Directors only applies to tax exempt, domestic non-stock corporations with an operating budget exceeding $5,000,000; or domestic stock corporations with total sales exceeding $5,000,000. If one of the former applies to the corporation, this questions must be completed unless at least 75% of the corporation’s

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