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SDAT’s 2021 Annual Business Filings Due April 15, Extension System Available

On Behalf of | Apr 14, 2021 | Business Law

2021 Annual Reports and/or Personal Property Tax Returns must be filed for all domestic and foreign business entities with the Maryland Department of Assessments and Taxation (SDAT) no later than Thursday, April 15. If you request a two-month filing extension through SDAT’s online extension system, your filings will be due to the Department no later than Tuesday, June 15. The quickest and easiest way to submit these filings is through the department’s award-winning Maryland Business Express website. If you do not submit these critical filings by the appropriate deadline, your business will lapse into “Not In Good Standing” status, which eventually leads to forfeiture.

Please note that SDAT will not be granting extensions through July 15, as was the case last year.

“Despite the many challenges faced over the past year, there are currently more entities registered with SDAT than ever before,” said SDAT Director Michael Higgs. “Maryland is clearly Open for Business, and whether you are a new business owner opening a bank account, or an existing business owner applying for COVID-related relief, Good Standing Status with SDAT will likely be a requirement.”

In order to maintain good standing status, all business entities formed, qualified or registered to do business in Maryland must file an Annual Report every year. If your business owns, leases, or uses personal property in Maryland and/or maintains a trader’s license with a local unit of government in Maryland, you must also file a Personal Property Tax Return. Due to the COVID-19 pandemic, SDAT’s offices are closed to the public until further notice. If you are unable to file your returns on Maryland Business Express, please find the appropriate form on this page and follow the instructions to mail them in.

If you do not file your required documents by the deadline, your business will enter into “not in good standing” status. If your domestic business entity is currently not in good standing because of failure to submit previous annual filings, you may now file up to ten years of overdue Annual Reports and Personal Property Tax Returns online to regain the ability to legally conduct business in Maryland. For more information about the filings that entities are required to submit annually or to view the standing of your business, visit the Maryland Business Express webpage and review SDAT’s Good Standing Checklist.

SDAT strongly recommends that all business owners sign up for our email distribution list to receive timely reminders about filing these important documents by the required deadline, as well as general SDAT news updates.