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Maryland Report of Maryland Multistate Manufacturing Corporation
Extracted from PDF file 2023-maryland-form-500mc.pdf, last modified November 2012Report of Maryland Multistate Manufacturing Corporation
MARYLAND FORM 500MC 2014 REPORT OF MULTISTATE MANUFACTURING CORPORATION (With more than 25 employees) Name as shown on Form 500 or 510 Federal Employer Identification Number (9 digits) 1. Is the headquarters of the business located in Maryland? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No Since 2000, has the business been using a sales company to conduct or report Maryland sales? . . . . . . . . Yes No Income: From line 10, page 2 of Form 500, or line 2, page 1 of Form 510 . . . . . . . . . . . . . . . . 1 2. Apportionment factor, using three (3) factor formula from line 5, 3. column 3 of the worksheet on page 2 of this form. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Multiply line 1 by line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 . If filing Form 500 4. Multiply line 3 by 8.25%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 If filing Form 510 5A. Multiply line 3 by the percentage of individual nonresident ownership 5B. Multiply line 3 by the percentage of nonresident entity ownership 6A. Multiply line 5A by 7%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6B. Multiply line 5B by 8.25%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6B 7. Enter the amount from line 14 of Form 500 or line 15 from Form 510 . . . . . . . . . . . . . . . . . . . from line 5 of Form 510. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5A from line 10 of Form 510. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5B 8. If filing Form 500, subtract line 7 from line 4. If filing Form 510, subtract line 7 from the sum of lines 6A and 6B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6A 7 8 (The result may be positive or negative.) In Maryland Worldwide 9. Volume of sales (receipts). (See instructions.). . . . . . . . . . . . . . . . . . 9 ______________ ______________ 10. Taxable income. (See instructions.). . . . . . . . . . . . . . . . . . . . . . . 10 ______________ ______________ 11. Book value of plant, land, equipment. (See instructions.). . . . . . . . . . . . . 11 ______________ ______________ COM/RAD 317 MARYLAND FORM 500MC 2014 REPORT OF MULTISTATE MANUFACTURING CORPORATION page 2 COMPUTATION OF APPORTIONMENT FACTOR WORKSHEET (Applies only to multistate corporations) Column 1 Column 2 Column 3 TOTALS WITHIN MARYLAND TOTALS WITHIN AND WITHOUT MARYLAND DECIMAL FACTOR (Column 1 ÷ Column 2 rounded to six places) 1A. Receipts a. Gross receipts or sales less returns and allowances . . . b. Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d. Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e. Gross royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . f. Capital gain net income . . . . . . . . . . . . . . . . . . . . . . . g. Other income (Attach schedule.) . . . . . . . . . . . . . . . . . h. Total receipts (Add lines 1A(a) through 1A(g), for Columns 1 and 2.) . . . . . . . . . . . . . . . . . . . . . . . . . . 1B. Receipts Enter the same factor shown on line 1A, Column 3. Disregard this line if special apportionment formula used. . 2. Property a. Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Machinery and equipment . . . . . . . . . . . . . . . . . . . . . c. Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d. Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e. Other tangible assets (Attach schedule.) . . . . . . . . . . . f. Rent expense capitalized (Multiplied by eight.) . . . . . . . g. Total property (Add lines 2a through 2f, for Columns 1 and 2.) . . . . . . . . . . . . . . . . . . . . . . . . 3. Payroll a. Compensation of officers . . . . . . . . . . . . . . . . . . . . . . b. Other salaries and wages. . . . . . . . . . . . . . . . . . . . . . c. Total payroll (Add lines 3a and 3b, for Columns 1 and 2.) . . 4. Total of factors (Add entries in Column 3.). . . . . . . . . . . . . . . . . 5. Maryland apportionment factor Divide line 4 by four for three-factor formula, or by the number of factors used if special apportionment formula required. (If factor is zero, enter 000001 on line 2, page 1.) . . . . . . . . . . . Purpose of Form Specific Instructions Under the Tax Reform Act of 2007, as amended by Chapter 177/178 (Senate Bill 444/House Bill 664) of the 2008 regular session of the General Assembly, the Comptroller of Maryland is required to report to the General Assembly each manufacturing corporation that has more than 25 employees and apportions its income under the single sales factor. These corporations should complete Form 500MC which serves to provide the comparison between using a single-factor apportionment formula and the three-factor formula that was required prior to January 1, 2001, as described in statute and regulation. Enter the identifying information at the top of Form 500MC, and then answer the two questions that follow, using the check boxes provided. Additional information on the Tax Reform Act of 2007 may be found at www.marylandtaxes.com/reporting. Our corporate information reporting hot line is 410-7673015 (toll-free 866-588-2086). General Instructions Multistate manufacturing corporations are required to use a single-factor apportionment formula based on receipts. If the corporation has more than 25 employees, Form 500MC also must be filed. Complete the worksheet above using the standard three-factor formula. See instructions for completing Schedule A for Forms 500 or 510. Submit the completed 500MC form with the income tax return. COM/RAD 317 Lines 1 through 8. Instructions for each of these lines are provided on page 1 of Form 500MC. Line 9. Volume of sales (receipts). Enter the amount from line 1A(a), page 3 of Form 500 or page 2 of Form 510. Enter the amount from Column 1 for “In Maryland” and from Column 2 for “Worldwide.” Line 10. Taxable income. For Form 500, enter the amount from line 13, page 1 for “In Maryland” and from line 1a, page 1 for “Worldwide.” For Form 510, enter the amount from line 4, page 1 for “In Maryland” and line 2, page 1 for “Worldwide.” Line 11. Book value of plant, land and equipment. Enter the book value of your plant, land and equipment in Maryland and worldwide as they are valued at the end of the tax year.
TaxYear-2014-500MC.pdf
More about the Maryland Form 500MC Corporate Income Tax TY 2023
Under the Tax Reform Act of 2007, as amended by Chapter 177/178 (Senate Bill 444/House Bill 664) of the 2008 regular session of the General Assembly, the Comptroller of Maryland is required to report to the General Assembly each manufacturing corporation that has more than 25 employees and apportions its income under the single sales factor. These corporations should complete Form 500MC which serves to provide the comparison between using a single-factor apportionment formula and the three-factor formula that was required prior to January 1, 2001, as described in statute and regulation.
We last updated the Report of Maryland Multistate Manufacturing Corporation in February 2024, so this is the latest version of Form 500MC, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 500MC directly from TaxFormFinder. You can print other Maryland tax forms here.
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TaxFormFinder has an additional 41 Maryland income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 500E | Application for an Extension to File Corporation Income Tax Return |
| 510 Schedule K-1 | Maryland Pass-Through Entity Members Information |
| Fiduciary Booklet | Maryland Instructions for Fiduciaries |
| 500CR-Instructions | Business Income Tax Credits |
| Form 510 | Pass-Through Entity Tax Return |
View all 42 Maryland Income Tax Forms
Form Sources:
Maryland usually releases forms for the current tax year between January and April. We last updated Maryland Form 500MC from the Comptroller of Maryland in February 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Maryland Form 500MC
We have a total of eleven past-year versions of Form 500MC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 500MC
TaxYear-2014-500MC.pdf
2020 Form 500MC
TaxYear-2014-500MC.pdf
2019 Form 500MC
TaxYear-2014-500MC.pdf
2012 Form 500MC
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