# Tax - Property (GTP)

## Title 11. Reports

### Subtitle 1

#### Section 11-101

(a) On or before April 15 of each year, a person shall submit an annual report to the Department if:

  (1) the person is a business trust, statutory trust, domestic corporation, limited liability company, limited liability partnership, or limited partnership;

  (2) the person is a foreign corporation, foreign statutory trust, foreign limited liability company, foreign limited liability partnership, or foreign limited partnership registered or qualified to do business in the State; or

  (3) the person owns or during the preceding calendar year owned property that is subject to property tax.

(b) The report shall:

  (1) be in the form that the Department requires;

  (2) be under oath as the Department requires; and

  (3) contain the information that the Department requires.

(c)

  (1) This subsection does not apply to a privately held company if at least 75% of the company's shareholders are family members.

  (2) If the person submitting the report is a tax-exempt, domestic nonstock corporation with an operating budget exceeding $5,000,000, or a domestic stock corporation with total sales exceeding $5,000,000, the report required by the Department shall include the number of female board members and the total number of members on the person's board of directors.

(d) If the person submitting the report is an entity that is subject to Sec. 19-106 of the Business Regulation Article, the report shall include the diversity data required by the regulations adopted by the Department of Commerce and the Office of Small, Minority, and Women Business Affairs under Sec. 19-106 of the Business Regulation Article.

(e) On or before December 31, 2019, the Department shall adopt regulations on the granting of exemptions from the reporting requirement under this section.

#### Section 11-102

(a) The Department may require a person to submit to the Department a report on personal property that contains the information listed in subsection (b) of this section, if the person:

  (1) moves personal property to any county or municipal corporation from the county or municipal corporation where it was assessed;

  (2) moves personal property from outside this State to a county or municipal corporation inside this State; or

  (3) possesses, cares for, or manages any personal property that:

    (i) is not assessed; or

    (ii) the Department suspects is not assessed.

(b) The report on personal property shall contain:

  (1) a list of:

    (i) all personal property assessable by the Department; and

    (ii) all personal property assessable but not previously assessed by the Department that the person possesses, cares for, or manages; and

  (2) the name of each person who owns an item of the personal property.

#### Section 11-103

(a) If a person who has filed a report under this title determines that information was not reported accurately, the person may file an amended report within 3 years after the April 15th that the original report was due.

(b) A person filing an amended report under subsection (a) of this section may only claim an exemption for personal property used in manufacturing if an exemption for personal property used in the manufacturing process was previously approved for that taxable year under Sec.Sec. 7-104(b) and 7-225(d), under Sec.Sec. 7-104(c) and 7-225(d), or under Sec.Sec. 7-104(d) and 7-225(d) of this article.

(c) After reviewing an amended report, the Department shall:

  (1) issue a corrected assessment notice; or

  (2) notify the person that the original assessment notice will not be adjusted.

(d) A person who receives a notice under subsection (c) of this section may appeal the change in value or classification related to the corrected information or the denial notice as provided in Sec. 14-504 of this article.

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Md. Code Ann., Tax-Prop. (as displayed at mgaleg.maryland.gov, October 16, 2026)