BUSINESS PERSONAL PROPERTY RETURN 2020 MARYLAND STATE DEPARTMENT OF ASSESSMENTS AND TAXATION TAXPAYER SERVICES DIVISION P.O. BOX 17052 Baltimore, Maryland 21297-1052 Form 2 Due April 15th SECTION I – ALL ENTITIES COMPLETE - [ ] CHECK HERE IF THIS IS AN AMENDED RETURN Date Received by Department 1. Check One: [ ] SOLE PROPRIETORSHIP [ ] GENERAL PARTNERSHIP 2. NAME OF OWNER 3. MAILING ADDRESS [ ]Check here if this is a change of mailing address 4. DEPARTMENT ID NUMBER Required in order to correctly credit your account L 5. FEDERAL EMPLOYER IDENTIFICATION NUMBER (9-digit number assigned by the IRS) 6. FEDERAL PRINCIPAL BUSINESS CODE (If known, the 6-digit number on file with the IRS) 7. NATURE OF BUSINESS: 8. TOTAL GROSS SALES Include an email address below to receive important reminders from the Department of Assessments and Taxation SECTION II – ALL ENTITIES COMPLETE (ONLY SOLE PROPRIETORS COMPLETE QUESTIONS B AND C) A. PLEASE PROVIDE THE ACTUAL, PHYSICAL LOCATION OF ALL PERSONAL PROPERTY IN MARYLAND. P.O. Boxes are not acceptable. [ ] Check here if this is a change of location. Street Address/Suite No. City/Town, County & Zip Code B. Is all of the business’ personal property located at the owner’s principal residence? [ ] Yes [ ] No C. Is the total original cost of all the property, including inventory and excluding licensed vehicles, less than $10,000? [ ] Yes [] No If you only answer yes to both B & C above your personal property is exempt. D. Does the business own, lease, or use personal property located in Maryland? [ ] Yes [ ] No E. Does the business maintain a license with any local unit of government? [ ] Yes [ ] No F. Is any business conducted in Maryland? [ ] Yes [ ] No Date began: G. If business operates on a fiscal year: Start date End date H. 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 I. Has the business disposedof assets or transferred assets in or out of Maryland during the prior year? [ ] Yes [ ] No TPS_PPR Form 2 Page 1 of 3 http://dat.maryland.gov |
2020 Department ID L Form 2 If you answered yes to Question I, in Section II, please comment in remarks and/or complete Form SD-1, Supplemental Details. REMARKS: SECTION III - ALL BUSINESS ENTITIES COMPLETE 1.Please provide the original cost by year of acquisition. For any furniture fixtures, , tools, machinery and/or equipment not used for manufacturing or research & development: Year A B C D E F G Total Acquired Cost 2019 0 2018 0 2017 0 2016 0 2015 0 2014 0 2013 0 2012 & Prior 0 Totals A-G columns 0 0 0 0 0 0 0 0 Describe property identified in B - G above: 2. Commercial Inventory – Furnish amounts from your most recent Maryland Income Tax Return. Note: Businesses that need a Trader’s License must report commercial inventory here. Average Monthly Inventory $___________________ Opening Inventory date_______________ Amount $__________________ Closing Inventory date _______________ Amount $ __________________ 3. Supplies Average Cost $ __________________ 4. Manufacturing and/or Research and Development (R&D) $ __________________ TPS_PPR Form 2 Page 2 of 3 http://dat.maryland.gov |
Department ID L 2020 Form 2 5.Tools, machinery, and/or 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 the website https://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. Year Year A C D A C D Acquired Acquired 2019 2015 2018 2014 Total Cost 2017 2013 $ 0 2016 2012 & prior 6.Vehicles with interchangeable Registration and/or Unregistered vehicles: (dealer, recycler, finance company, special mobile equipment, and transporter plates) and unregistered vehicles should be reported here. See specific instructions Year Acquired Original Cost Year Acquired Original Cost 2019 2017 Total Cost 2018 $ 0 2016 & prior 7. Non-farming livestock: Book Value $ Market Value $ 8. Other personal property: File separate schedule giving a description of property, original cost and the date of acquisition. Total Cost $ 9. Property owned by others and used or held by the business or lessee or otherwise: File separate schedule showing names and addresses of owners, lease number, description of Total Cost property, installation date and separate cost in each case. $ 10. Property owned by the business, but used by others as lessee or otherwise: 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. Total Cost $ Taxpayer’s Signature Date Phone Number and E-mailAddress Preparer’s Signature Date Phone Number and E-mail Address Name and Address of Preparer Please sign and mail the return to If you have questions or comments contact the Maryland State Department of Assessments and Taxation Business Personal Property Division Business Personal Property Division Phone: 410-767-1170, 888-246-5941 within Maryland P.O. Box 17052 Email: SDAT.PersProp@Maryland.gov Baltimore Maryland 21297-1052 TPS_PPR Form 2 Page 3 of 3 http://dat.maryland.gov |