Altering the eligibility criteria for the cybersecurity investment incentive tax credit to provide the credit to a qualified investor in a qualified Maryland cybersecurity company rather than providing the credit to the company; authorizing certain buyers of certain technology to claim a credit against the State income tax for certain costs; providing that the credit may not exceed $2,000,000 in taxable year 2018 and $4,000,000 in taxable year 2019; requiring the Secretary of Commerce to award 25% of the credits to certain buyers; etc.
Bill File Type: Regular
Effective Date(s): June 1, 2018
Bill imposes a mandated appropriation in the annual State Budget Bill
( 10-733, 10-733.1, 1-303 )
( 2013 )
Last Updated: 2/3/2020 2:34 PM