HB1168 (CH0504)

Find a 2016 Bill:

2016 Regular Session



Cybersecurity Investment Tax Credit - Investment in Qualified Companies in Low-Income Areas

Sponsored by:

Delegate Buckel


Approved by the Governor - Chapter 504

Synopsis:Providing that the amount of a credit against the State income tax is 50%, not to exceed $500,000, of the investment in a qualified Maryland cybersecurity company located in Allegany County, Dorchester County, Garrett County, or Somerset County; applying the Act to initial tax credit certificates issued after June 30, 2016; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates Buckel, Beitzel, Mautz, and Otto
Additional Facts:Cross-filed with: SB0681
Bill File Type: Regular
Effective Date(s): June 1, 2016
Ways and Means  View Committee HearingBudget and Taxation
Broad Subject(s):Taxes - Income
Narrow Subject(s):Allegany County
Baltimore City
Dorchester County
Garrett County
Investments -see also- Securities
Somerset County
Tax Credits -see also- Circuit Breaker
Telecommunications and Information Technology
Statutes:Article - Tax - General

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Explanation of Floor Motions and Actions

October 24, 2017 5:04 P.M.