BUSINESS PERSONAL PROPERTY RETURN OF DEPTID#
ALL BUSINESS ENTITIES COMPLETE
If this is the business’ first Maryland personal property return, state whether or not it succeeds an established business
Does the business own any fully depreciated and/or expensed personal property locatedin Maryland? Yes No
If yes, is that property reported onthis return? Yes No
If the business transfers assets in or out of Maryland, or disposes of assets ($200,000 or more or 50% of the total
property) during the prior year, complete Form SD-1. For additional details see Form 1 instructions at
X Taxpayer’s Signature/Date Print Name Phone Number & E-mail Address
X Preparer’s Signature/Date Phone Number & Email Address
Name and Address of Preparer
Mail the completed return to:
DEPARTMENT OF ASSESSMENTS AND TAXATION
Personal Property Division
P.O. BOX 17052
Baltimore, Maryland 21297-1052
If you have questions contact the Personal Property Division
Toll free within Maryland 888-246-5941
DEPRECIATION RATE CHART FOR PERSONAL PROPERTY
STANDARD DEPRECIATION RATE
Category D: 30% per annum**
Data processing equipment and other computer based equipment,
Category A: 10% per annum*
All property not specifically listed below.
Category E: 33 11/3% per annum*
SPECIAL DEPRECIATION RATES
Blinds, carpets, drapes, shades. The following applies to
(The rates below apply only to the items specifically listed. Use
equipment rental companies only: rental stereo and radio
Category A for other assets.)
equipment, rental televisions, rental video cassette recorders
and rental DVDs and video tapes.
Category B: 20% perannum*
Mainframe computers originally costing $500,000 or more.
Category F: 50% per annum*
Pinball machines, rental tuxedos, rental uniforms, video
Category C: 20% per annum*
Autos (unlicensed), bowling alley equipment, brain scanners,
carwash equipment, contractor’s heavy equipment (tractors,
Category G: 5% per annum*
bulldozers), fax machines, hotel, motel, hospital and nursing
Boats, ships, vessels, (over 100 feet).
home furniture and fixtures (room and lobby), MRI equipment,
mobile telephones, model home furnishings, music boxes,
outdoor Christmas decorations, outdoor theatre equipment,
Property determined by the Department to have an expected
photocopy equipment, radio and T.V. transmitting equipment, life in excess of 10 years at the time of acquisition shall be
rental pagers, rental soda fountain equipment, self-service
depreciated at an annual rate as determined by the
laundry equipment, stevedore equipment, theatre seats, trucks Department.
(unlicensed), vending machines, x-ray equipment.
* Subject to a minimum assessment of 25% of the original cost.
** Subject to a minimum assessment of 10% of the original cost.