Maryland LLC Annual Report (Personal Property Tax) 2026 — $300 Due April 15

What this filing is

Each year, Maryland requires business entities (including LLCs) to submit the annual report and personal property return through SDAT’s process. The filing keeps your entity’s record current and is part of maintaining good standing with the state. It is administered by SDAT, not the IRS.

The “no assets” myth

Even if your LLC owns zero property and had zero revenue, you still owe the $300 annual fee in typical cases—the fee is a flat filing requirement for the entity, not a tax calculated only on owned assets. If you have no taxable personal property, you may still need to file and pay the annual fee to remain compliant. Verify your situation on SDAT.

Why it confuses owners

The due date is often April 15—the same calendar date as the federal individual income tax deadline. That overlap makes it easy to assume you have “handled Maryland” when you filed federal taxes. In reality, this is a separate state filing with SDAT for Maryland entity compliance, not a federal return.

Cost breakdown

The annual filing is commonly a $300 flat fee for LLCs (confirm on SDAT). Late filings can add substantial penalties—often hundreds of dollars—and can put your entity out of good standing. In severe cases, continued noncompliance can lead to forfeiture (see below).

What is forfeiture?

Forfeiture means the state may revoke your LLC's right to do business in Maryland if required filings are not completed. Practically, that can include losing the right to use the entity name in commerce and losing the usual liability protections that come with an active, compliant LLC—until you cure the deficiency or follow reinstatement rules. This is general information; confirm legal effects with qualified counsel if needed.

Avoid missing it next year

Add April 15 to your calendar as its own line item (SDAT), separate from your IRS work. ComplianceGuard can email you before the deadline so this filing does not slip through the cracks.

No credit card required to start. Solo plan includes up to 3 deadlines.

Official references

• Maryland SDAT (Department of Assessments and Taxation)
• Maryland Business Express — entity search

Frequently Asked Questions

Do I owe $300 even if my LLC has no assets?

Yes. For Maryland LLCs, the annual report / personal property filing is generally a flat fee (commonly $300) for the entity. Even if your LLC owns zero personal property subject to tax and had no revenue, you typically still owe the annual filing fee to SDAT. Confirm current amounts on the official Maryland Department of Assessments and Taxation (SDAT) site.

Is this the same as my federal tax return?

No. The Maryland annual report and personal property filing is a state-level requirement with SDAT (and related state systems), separate from the IRS. It supports Maryland good standing and state compliance—it is not your federal income tax return.

What is the Maryland personal property tax deadline?

For many Maryland businesses, the annual filing is due April 15 each year—the same calendar date as the federal individual income tax deadline, which is why it is easy to confuse the two. Always confirm the current due date and rules on SDAT for your entity type.

What happens if I miss the April 15 deadline?

You risk late fees that can reach $500 or more, loss of good standing with Maryland, and additional penalties depending on how overdue you are. Continued noncompliance can lead to forfeiture. Check SDAT for the current penalty schedule and your entity status.