# COMAR Title 18 — Department of Assessments and Taxation

## Subtitle 03 — Personal Property Assessments

### Chapter 06 — Small Businesses

**Authority:** Tax-Property Article, §§2-201, 2-202, and 7-227, Annotated Code of Maryland

**Administrative History:** Effective date: April 19, 1999 (26:8 Md. R. 619)

**Administrative History:** Regulation .02 amended effective December 12, 2022 (49:25 Md. R. 1050)

#### Regulation .01 Definition of Principal Residence.

*COMAR 18.03.06.01*

“Principal residence” means the one location where an individual regularly resides and is the location designated by the individual for the legal purpose of voting, obtaining a driver's license, and filing income tax returns.

#### Regulation .02 Criteria for Exemption.

*COMAR 18.03.06.02*

To qualify for the small business personal property exemption under Tax-Property Article, §7-227, Annotated Code of Maryland, the following criteria shall be met:

A. The business personal property shall be owned by an individual and used in connection with a business, occupation, or profession that is a sole proprietorship;

B. The business personal property for which the exemption is claimed shall be located at the individual's principal residence which is also the principal place of business of the sole proprietorship; and

C. The total original cost of all business personal property owned by the individual, excluding vehicles exempt under Tax-Property Article, §7-230, Annotated Code of Maryland, shall be as provided by Tax-Property Article, §7-227, Annotated Code of Maryland.