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is DUE APRIL 15 OF EACH YEAR.
Why must my PTA file this MD Personal Property Return
because we own no property?
Your PTA is incorporated and corporate status requires
that a Personal Property Tax Return is completed every year by
April 15 but no fees are due.
All PTAs
incorporated in the state of Maryland must file a Personal
Property Return annually by April 15. Filing this return serves
to provide an annual report of corporate officers and directors
and related information and also to report any business personal
property owned or leased as of January 1 of the year in which
the return is filed.
Some important
things to know in completing the return are:
- PTAs are a Domestic Non-Stock
Corporation, the ID# Prefix will be D.
- The Federal Principal Business
Code is 813000.
- If the answer to question C.
of Section I is No, complete questions D & E in
Section I and then skip Section II.
- Section III on page 3 must be
completed.
- Sign and date the return
- Make a copy for your files
- And mail the document to the
State of Maryland, Dept. of Assessments and Taxation,
Personal Property Division in the envelope provided with the
return forms.
The MD Personal Property Return can be downloaded from:
http://www.dat.state.md.us/sdatweb/personal.html#forms
There are
penalties assessed for late filing and the corporate status may
be forfeited by failure to file the return.
If
your PTA’s Incorporation Charter has been forfeited, contact
the Maryland PTA office for a Revival of Charter packet. The fee
is $100.00.
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