Personal Property Tax Exemption for Home-based Businesses
Small home-based sole proprietorships may be exempt from personal property tax on business equipment and inventory. Offered by Maryland Department of Assessments and Taxation.
Key Facts
- Funder
- Maryland Department of Assessments and Taxation
- Award amount
- Not specified by funder
- Deadline
- Rolling / not specified
- Geography
- Maryland
- Status
- Open
About This Grant
Small home-based sole proprietorships may be exempt from personal property tax on business equipment and inventory. Eligible businesses that initially file a Personal Property Return for Sole Proprietors (Form 2) and meet the criteria receive a one-time approval and do not need to file further returns as long as they remain eligible. Assistance type: tax exemption.
Full requirements and application instructions: official listing.
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