Posted on 05/01/24
| News Source: FOX45
Baltimore, MD - May 1, 2024 - On Wednesday, The Maryland State Department of Assessments and Taxation announced the state is extending the 2024 deadline to submit annual reports and personal property tax returns to June 17 due to the collapse of the Francis Scott Key Bridge.
“Alongside the entire Moore administration, it is our top priority to support the thousands of workers and businesses impacted by the collapse of the Francis Scott Key Bridge,” said Interim Director Dan Phillips. “By extending this filing deadline, businesses already in good standing with the state will remain in good standing for an extra two months to be eligible for crucial relief programs.”
In a recent release State officials say all domestic and foreign business entities must file an annual report to maintain their “good standing” status with the Department. Businesses in most jurisdictions that own, lease, or use personal property in Maryland may also need to file a personal property tax return with the annual report.
The deadline extension announced today applies regardless of whether a business already requested an extension, and will allow businesses already in good standing to remain in good standing for an additional two months.
Good standing status is often a requirement to be eligible for business relief programs.
The quickest and easiest way to submit these filings is through the Department’s award-winning Maryland Business Express site.
When submitted online, annual reports are updated to a filed status on the business’ Maryland Business Express page the same day as online submission.