Completion Required Pursuant to MD Code, Tax Property Article §11-101
A. Is this business a (1) commercial enterprise or business that is formed in Maryland or does
business in Maryland; or (2) a corporation, foundation, school, hospital, or other legal entity for
which none of the earnings inure to the benefit of any private shareholder or individual holding
an interest in the entity? [ ] Yes
[ ] No
If you answer “Yes” to Question A, please proceed to questions B, C, D, and the rest of the return.
If you answered “No” to Question “A,” please skip Questions B, C, and D and proceed to the rest of the
return. Your signing of this operating return confirms, under penalties of perjury, that the entity filing
this return is not required to submit a Corporate Diversity Addendum.
B. Is this business a limited liability company (LLC) owned by a single member? [ ] Yes [ ] No
C. Is this business a privately held company with at least 75% of the company’s shareholders who
are family members? [ ] Yes [ ] No
D. Is this business an entity that (1) has an annual operating budget or annual sales less than
$5,000,000; and (2) has neither qualified for nor applied for, and does not intend to apply for, a
State benefit*? [ ] Yes [ ] No
*A “State Benefit” means (1) a State capital grant funding totaling $1.00 million or more in a single fiscal
year; (2) State tax credits totaling $1.00 million or more in a single fiscal year; or (3) the receipt of a
State contract with a total value of $1.00 million or more. “State contract” means a contract that (a)
resulted from a competitive procurement process and (b) is not federally funded in any way.
If you answered "No” to Questions B, C, and D, you are legally obligated to complete and return to SDAT
a Corporate Diversity Addendum that is required by COMAR 24.01.07. The Addendum is available at
https://dat.maryland/gov/Pages/sdatforms.aspx. Failure to complete and return the Addendum to
SDAT may prohibit you from receiving certain state benefits. Please see the 2024 Form 1 instructions
for additional information.
Starting in 2024, entities may be required to report Beneficial Ownership Information to the U.S.
Department of the Treasury’s Financial Crimes Enforcement Network. More information may be found
at http://www.fincen.gov/boi
.
MARYLAND STATE DEPARTMENT OF ASSESSMENTS & TAXATION 301 WEST PRESTON STREET, BALTIMORE, MARYLAND 21201-2395
TPS_Public Utility - 2024 Form 18 Maryland
DEPARTMENT OF
P ag e 2 of 16 http://dat.maryland.gov
ASSESSMENTS AND TAXATION