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2017 Regular Session



Cybersecurity Investment Incentive Tax Credit - Eligibility and Sunset Extension

Sponsored by:



In the House - Hearing 3/29 at 1:00 p.m.

Synopsis:Altering the eligibility criteria under the cybersecurity investment incentive tax credit to provide the credit to a specified qualified investor in a specified qualified Maryland cybersecurity company rather than providing the credit to the company; altering the definition of "company" to include an entity that becomes duly organized and existing under specified laws and for the purpose of conducting business for profit within a specified time period; and extending the termination date of the credit.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:The President (By Request - Administration) and Senators Bates, Cassilly, Eckardt, Edwards, Ferguson, Hough, Manno, Mathias, Norman, Ready, Rosapepe, Salling, and Serafini
Additional Facts:Cross-filed with: HB0378
Bill File Type: Regular
Effective Date(s): June 1, 2017
By Request of the Governor
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Cybersecurity -see also- Safety
Tax Credits
Statutes:Article - Tax - General
Article - Chapter of the Acts

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Explanation of Floor Motions and Actions

November 28, 2017 1:10 P.M.