Legislation - SB0025

Title: Income Tax - Cybersecurity Technology and Service Tax Credit - Alterations
Sponsored by: Chair, Budget and Taxation Committee (By Request - Departmental - Commerce)
Status: In the Senate - Hearing 1/21 at 10:00 a.m.
Analysis

Synopsis

Establishing the Buy Maryland Cybersecurity Tax Credit; providing the purpose of the credit is to promote the cybersecurity industry in the State by helping Maryland businesses and nonprofits purchase cybersecurity technologies and services from Maryland companies; altering eligibility for the credit; altering the aggregate amount of credits that may be issued for certain cybersecurity purchases from $200,000 to $1,000,000; making the credit refundable; etc.

Committees

Original:: Budget and Taxation

Details

Cross-filed with: HB0290

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2026

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 9/30/2025 Legislative Date 9/30/2025 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/14/2026 Legislative Date 1/14/2026 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Cybersecurity Technology and Service Tax Credit - Alterations Proceedings
Chamber Senate Calendar Date 1/15/2026 Legislative Date 1/15/2026 Action Hearing 1/21 at 10:00 a.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	9/30/2025	9/30/2025	Pre-filed
Senate	1/14/2026	1/14/2026	First Reading Budget and Taxation
			Text - First - Income Tax - Cybersecurity Technology and Service Tax Credit - Alterations
Senate	1/15/2026	1/15/2026	Hearing 1/21 at 10:00 a.m.

File Code

Subjects

Statutes