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301 W. Preston St., Baltimore,
MD 21201-2395 |
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Back Year Corrections of Personal Property Assessments
New legislation, HB 588 passed by the 2002 General Assembly, changes the
rules on back year assessment corrections (11-103 of the Tax Property
Article). Effective 07/01/2002, the new law allows businesses to
file amended personal property returns to correct previous errors in reporting
or claim missed exemptions, except for missed manufacturing exemptions,
within three years of the April 15th date that the return was originally
due. (Businesses that currently do not have a manufacturing exemption
must still file an application by the September 1 deadline date to be
eligible for the current year.) The new law further provides for a time
period from 07/01/2002 through 04/15/2003 to file an amended 1999 return.
Two sections of the law involving petition for review appeals and the
one-year limit on missed exemption claims were repealed 07/01/2002.
Department of Assessments & Taxation
Personal Property Division
301 West Preston Street, Room 801
Baltimore, Maryland 21201-2395
410-767-1170 Legal Entities
410-767-4991 Sole Proprietorships/General Partnerships
1-888-246-5941 Toll Free in Maryland
website: http://www.dat.state.md.us
email: persprop@dat.state.md.us