The Maryland State Department of Assessments and Taxation is extending the 2024 deadline to submit annual reports and personal property tax returns to June 17. The extension is part of the Moore administration’s response to the collapse of the Francis Scott Key Bridge.

“Alongside the entire Moore administration, it is our top priority to support the thousands of workers and businesses impacted by the collapse of the Francis Scott Key Bridge,” said Interim Director Dan Phillips. “By extending this filing deadline, businesses already in good standing with the state will remain in good standing for an extra two months to be eligible for crucial relief programs.”

All domestic and foreign business entities must file an annual report to maintain their “good standing” status with the Department. Businesses in most jurisdictions that own, lease, or use personal property in Maryland may also need to file a personal property tax return with the annual report. Good standing status is often a requirement to be eligible for business relief programs, and the deadline extension applies regardless of whether a business has already requested an extension. It allows businesses already in good standing to remain in good standing for an additional two months.

The quickest and easiest way to submit these filings is through the Department’s award-winning Maryland Business Express site. When submitted online, annual reports are updated to a filed status on the Maryland Business Express page the same day as the online submission.

Earlier this month, Governor Wes Moore launched the Francis Scott Key Bridge Collapse Response Website, which serves as a central hub for Marylanders in search of federal, state, and local resources and programs related to the collapse of the Francis Scott Key Bridge. The website includes information on relief programs for impacted workers and businesses, major commuter traffic updates, and guidance on in-person resources available through Maryland Business Recovery Centers.

The extension is made pursuant to Executive Order 01.01.2024.12, issued by Governor Wes Moore on April 11, 2024, which aims to support businesses in accessing economic and financial relief programs related to the bridge collapse.

A copy of the formal deadline extension notice is available here.

Stay tuned to Conduit Street for more information.