Form 5 "Banks, Savings Banks, Savings & Loans and Trust Companies - Annual Report and Personal Property Return" - Maryland

What Is Form 5?

This is a legal form that was released by the Maryland Department of Assessments and Taxation - a government authority operating within Maryland. As of today, no separate filing guidelines for the form are provided by the issuing department.

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Download Form 5 "Banks, Savings Banks, Savings & Loans and Trust Companies - Annual Report and Personal Property Return" - Maryland

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ANNUAL REPORT AND PERSONAL PROPERTY RETURN
2019
MARYLAND STATE DEPARTMENT OF ASSESSMENTS AND TAXATION, TAXPAYER SERVICES DIVISION
FORM 5
Personal Property Division: P.O. Box 17052, Baltimore, Maryland 21297-1052
th
Due April 15
Date Received by Department
BANKS, SAVINGS BANKS, SAVINGS & LOANS AND TRUST COMPANIES
SECTION I
NAME OF BUSINESS
MAILING ADDRESS
[ ] Check here if this is a change of mailing
address
*DEPARTMENT ID NUMBER
Letter prefix followed by 8-digits
*Required to ensure correct account is credited
FEDERAL EMPLOYER ID #
(9-digit number assigned by the IRS)
FEDERAL PRINCIPAL BUSINESS CODE
(If known, the 6-digit number on file with the IRS)
STATE & DATE OF INCORPORATION
Date_
NATURE OF BUSINESS (CREDIT, FINANCE, LOAN, ETC) ______________________________________________________________
EMAIL ADDRESS
Include an email address above to receive important reminders from the Department of Assessments and Taxation
SECTION II
A. CORPORATE OFFICERS (names and mailing addresses)
OFFICERS
President ___________________________________________
______________________________________________________
Vice President _______________________________________
______________________________________________________
Secretary ___________________________________________
______________________________________________________
Treasurer ___________________________________________
______________________________________________________
B. DIRECTORS (names only)
DIRECTORS
______________________________________________________
__________________________________________________
______________________________________________________
__________________________________________________
______________________________________________________
__________________________________________________
______________________________________________________
_________________________________________________
TPS_BPP Form 5 2019 Revised 2/25/19
Page 1 of 5 http://dat.maryland.gov
ANNUAL REPORT AND PERSONAL PROPERTY RETURN
2019
MARYLAND STATE DEPARTMENT OF ASSESSMENTS AND TAXATION, TAXPAYER SERVICES DIVISION
FORM 5
Personal Property Division: P.O. Box 17052, Baltimore, Maryland 21297-1052
th
Due April 15
Date Received by Department
BANKS, SAVINGS BANKS, SAVINGS & LOANS AND TRUST COMPANIES
SECTION I
NAME OF BUSINESS
MAILING ADDRESS
[ ] Check here if this is a change of mailing
address
*DEPARTMENT ID NUMBER
Letter prefix followed by 8-digits
*Required to ensure correct account is credited
FEDERAL EMPLOYER ID #
(9-digit number assigned by the IRS)
FEDERAL PRINCIPAL BUSINESS CODE
(If known, the 6-digit number on file with the IRS)
STATE & DATE OF INCORPORATION
Date_
NATURE OF BUSINESS (CREDIT, FINANCE, LOAN, ETC) ______________________________________________________________
EMAIL ADDRESS
Include an email address above to receive important reminders from the Department of Assessments and Taxation
SECTION II
A. CORPORATE OFFICERS (names and mailing addresses)
OFFICERS
President ___________________________________________
______________________________________________________
Vice President _______________________________________
______________________________________________________
Secretary ___________________________________________
______________________________________________________
Treasurer ___________________________________________
______________________________________________________
B. DIRECTORS (names only)
DIRECTORS
______________________________________________________
__________________________________________________
______________________________________________________
__________________________________________________
______________________________________________________
__________________________________________________
______________________________________________________
_________________________________________________
TPS_BPP Form 5 2019 Revised 2/25/19
Page 1 of 5 http://dat.maryland.gov
2019
DEPARTMENT ID NUMBER _________________________________________
FORM 5
SECTION III
A. Does the entity do any part of its business in the State of Maryland?
[
] Yes [
] No
B. Does the business own, lease, or use personal property located in Maryland?
[
] Yes
[
] No
If you answered yes, to A but do not own, lease, or use personal property in Maryland, proceed to section VI after
the signature section IV below.
If you answered yes to B, YOU MUST COMPLETE SECTION V after the signature section IV.
SECTION IV – ALL ENTITIES COMPLETE
By signing this form below, you declare, under the penalty of perjury, and pursuant to Tax-Property Article § 1-
201 of the Annotated Code of Maryland, that this Annual Report, including any accompanying forms, schedules, and/or
statements, has been examined by you and, to the best of your knowledge and belief, is a true, correct, and complete
Annual Report for the Entity listed in Section 1.
Title
Print or type name of corporate officer or principal of entity
Business phone number and Email address
X Signature of Corporate Officer or Principal
Date
Name of firm or individual, other than taxpayer preparing this return
Preparer’s phone number and Email address
Signature of preparer
Date
PLEASE BE SURE TO SIGN THIS ANNUAL REPORT/PERSONAL PROPERTY RETURN IN ALL SECTIONS TO
AVOID REJECTION BY THE DEPARTMENT.
Mail the signed, completed return and $300 filing fee to:
Maryland State Department of Assessments and Taxation
Business Personal Property Division
P.O. Box 17052
Baltimore Maryland 21297-1052
If you have questions contact the Business Personal Property Division
Phone: 410-767-1170, 888-246-5941 within Maryland
Email: SDAT.PersProp@Maryland.gov
TPS_BPP Form 5 2019 Revised 2/25/19
Page 2 of 5 http://dat.maryland.gov
DEPARTMENT ID NUMBER__________________________
2019
SECTION V - TANGIBLE PERSONAL PROPERTY LOCATED IN MARYLAND
FORM 5
IMPORTANT: Show exact location of all personal property owned and used in the State of Maryland, including county, city, town, and street address (P.O. boxes are
not acceptable). This assures proper distribution of assessments. If property is located in two or more jurisdictions, provide breakdown by completing additional
copies of Section V for each location.
__________________________________________________________________________________________________________
Address
Street Name & Number, City/Town, Zip Code and County
1a. Furniture, fixtures, tools, machinery and equipment. (Computer hardware and canned software should be reported on 1b and 1c.) Report the original
cost of the property by year of acquisition and category of property as described in the Depreciation Rate Chart on page 4. Include all fully depreciated property
and property expensed under I.R.S. rules. Columns C, E, F and G require an explanation of the type of property being reported. Use the lines provided below. If
additional space is needed, supply a supplemental schedule. Failure to explain the type of property will result in the property being treated as Category A
property. Category B and D are to be reported on lines 1b and 1c
(ROUND CENTS TO THE NEAREST WHOLE DOLLAR)
ORIGINAL COST BY YEAR OF AQUISITION
Year Acquired
A
B
C
D
E
F
G
Total Cost
2018
0
2017
0
2016
0
2015
0
2014
0
2013
0
2012
0
2011 & prior
0
Totals
0
0
0
0
0
0
0
0
Describe C, E, F & G Property Here: ___________________________________________________________________________
______________________________________________________________________________________________________________________
1b. Computer hardware and canned software used in the processing of loans or deposits, but not used in word processing. Report
property’s original cost by year of acquisition.
CANNED SOFTWARE
HARDWARE
B
D
Year Acquired
B
D
Year Acquired
2018
2018
2017
2017
2016 & prior
2016 & prior
0
0
Total
0
0
Total
1c. All other computer hardware and canned software not reported in 1b above. Report property’s original cost by year of acquisition.
HARDWARE
CANNED SOFTWARE
B
D
B
D
Year Acquired
Year Acquired
2018
2018
2017
2017
2016 & prior
2016 & prior
0
0
Total
0
0
Total
TPS_BPP Form 5 2019 Revised 2/25/19
Page 3 of 5 http://dat.maryland.gov
DEPARTMENT ID NUMBER
2019
FORM 5
SECTION V (continued)
2. Supplies (for example, office supplies) . . . . . . . . . . . . Average Cost $
3. Vehicles with Interchangeable Registrations (dealer, recycler, finance company, special mobile equipment, and transporter plates) and
unregistered vehicles should be reported here.
Year Acquired
Original Cost
Year Acquired
Original Cost
2018
2016
2017
2015 & prior
4. Other personal property (not included in any item above) . . . . . . . . . . . . . . . . . . . . . . .Total Cost $
File separate schedule giving a description of property, original cost and the date of acquisition.
5. Property owned by others and used or held by the entity as lessee or otherwise . . . . Total Cost $
File separate schedule showing names and addresses of owners, lease number, description of property, installation date and separate cost in
each case.
6. Property owned by the entity but used or held by others as lessee or otherwise . . . Total Cost $
File separate schedule showing names and addresses of lessees, lease number, description of property, installation date and original cost by year
of acquisition for each location. Schedule should group leases by county where the property is located.
SECTION VI This Section must be completed if question A in Section III is answered Yes.
A. Total Gross Revenue, or amount of business transacted in Maryland during the prior year.. $
If the entity
operates in Maryland and does not report any personal property, explain how the business is conducted without personal property. If the entity is
using the personal property of another business, provide the name and address of that business.
B. If the entity operates on a fiscal year, state beginning and ending dates:
C. If this entity succeeds an established bank, savings bank, savings & loan or trust, provide name of former entity:
D. Does the entity own any fully depreciated and/or expensed personal property located in Maryland?
(Yes or No)
If yes, is that property reported on this return? (Yes or No)
E. Has the entity disposed of assets or transferred assets in or out of Maryland during the prior calendar year?
(Yes or No)
If yes, complete Form SD1, Supplemental Detail.
PLEASE READ “FORM 5 IMPORTANT REMINDERS” ON NEXT PAGE BEFORE SIGNING BELOW
I declare under the penalties of perjury that this return, including any accompanying schedules and statements, has been examined by
me and to the best of my knowledge and belief is a true, correct and complete return.
Print or type name of corporate officer or principal of entity
Title
Business phone number and Email address
X Signature of Corporate Officer or Principal
Date
Name of firm or individual, other than taxpayer preparing this return
Signature of preparer
Preparer’s phone number and Email address
Date
TPS_BPP Form 5 2019 Revised 2/25/19
Page 4 of 5 http://dat.maryland.gov
PERSONAL PROPERTY ANNUAL REPORTY/RETURN FORM 5 REMINDERS
This form is similar to the Form 1; if you have questions concerning completion of this form, please refer to the instructions for
Form 1 located on our website, http://dat.maryland.gov and proceed to the
Forms & Applications
link. This return shall include
personal property owned by the entity as of January 1st, regardless of any fiscal year used by the entity.
PLEASE USE THE MARYLAND DEPARTMENT IDENTIFICATION NUMBER ASSIGNED TO YOUR ENTITY. If the ID
number is not known, please use https://egov.maryland.gov/BusinessExpress/EntitySearch. To ensure proper posting to your
account, please include your Department ID Number on your return and in all communications with the Department.
Laws relating to personal property are contained in the Tax-Property Article of the Annotated Code of Maryland. Please see
TP Article § 7-221.1, exempted computer hardware and software used in the processing of loans or deposits.
All information on pages 2 and 3 of this report and supporting schedules are held confidential by the Department and are not
available for public inspection. Page 1 is a public record. Tax-Property Article §2-212.
If you discontinued business prior to January 1st, notify the Department immediately, stating to whom and the date all
personal property was sold. If the business is sold, after January 1st and before July 1st, submit statement of sale, including
value of personal property, date of sale, and the name and address of the buyer on or before October 1st. Complete Form 21,
Report of Sale or Transfer, located on our website,
https://dat.maryland.gov/Pages/sdatforms.aspx#BPP
This return must be signed by an officer of the entity. Make check for the $300 filing fee payable to Department of
Assessments and Taxation and note the Department ID Number on the check.
Personal Property Extensions must be requested on the Internet by April 15th; paper extensions are no longer accepted. Visit
http://pprextensions.dat.maryland.gov/
If you have questions contact the Business Personal Property Division
Phone: 410-767-1170, 888-246-5941 within Maryland
Email: SDAT.PersProp@Maryland.gov
PENALTY CLAUSES
DO NOT PAY PENALTIES AT THE TIME OF FILING THE RETURN
LATE FILING PENALTIES. An entity which files an annual return postmarked after the due date of April 15 th , will receive an initial penalty of 1/10 of
one percent of the county assessment, plus interest at the rate of two percent of the initial penalty amount for each 30 days or part thereof that the
return is late. Interest is calculated at 2% of the initial penalty for each 30 days or fraction of a 30-day period that the report is not submitted.
DO NOT PREPAY AN ANTICIPATED PENALTY. THE DEPARTMENT WILL BILL THE ENTITY FOR ANY LATE FILING PENALTY OWED.
Entities which fail to file this report will receive estimated assessments which will be twice the estimated value of the personal property owned. In
addition, failure to file this report will result in forfeiture of the Maryland charter or the right to do business in Maryland.
DEPRECIATION RATE CHART FOR RETURNS
STANDARD DEPRECIATION RATE
CATEGORY D 30% per annum**
CATEGORY A 10% per annum*
Data processing equipment, canned software.
All property not specifically listed below.
CATEGORY E 33 1/3% per annum*
SPECIAL DEPRECIATION RATES (Use of the rates listed below apply only to
Blinds, carpets, drapes, shades. The following applies to equipment rental
the items specifically listed. Use Category A for other assets.)
companies only: rental stereo and radio equipment, rental televisions, rental
video cassette recorders and rental video tapes.
CATEGORY B 20% per annum*
Mainframe computers originally costing $500,000 or more.
CATEGORY F 50% per annum*
Pinball machines, rental tuxedos, rental uniforms, video games.
CATEGORY C 20% per annum*
Autos (unlicensed), bowling alley equipment, brain scanners, carwash
CATEGORY G 5% per annum*
equipment, fax machines, contractor’s heavy equipment (tractors, bulldozers),
Boats, ships, vessels, (over 100 feet).
hotel, motel, hospital and nursing home furniture and fixtures (room and lobby),
MRI equipment, mobile telephones, model home furnishings, music boxes,
LONG-LIVED ASSETS
outdoor Christmas decorations, outdoor theater equipment, photocopy
Property determined by the Department to have an expected life in excess of 10
equipment, radio and T.V. transmitting equipment, rental pagers, rental soda
years at the time of acquisition shall be depreciated at an annual rate as
fountain equipment, self-service laundry equipment, stevedore equipment, -
specified by the Department.
theater seats, trucks (unlicensed), vending machines (cigarette, candy, soft
drink), x-ray equipment.
* Subject to a minimum assessment of 25% of the original cost.
** Subject to a minimum assessment of 10% of the original cost.
TPS_BPP Form 5 2019 Revised 2/25/19
Page 5 of 5 http://dat.maryland.gov