Legislation - HB0290

Title: Income Tax – Cybersecurity Technology and Service Tax Credit – Alterations
Sponsored by: Chair, Ways and Means Committee (By Request - Departmental - Commerce)
Status: In the House - First Reading Ways and Means
Analysis

Synopsis

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

Committees

Original:: Ways and Means

Details

Cross-filed with: SB0025

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2026

By Request of the Governor

History

Legislation History
Chamber House Calendar Date 9/30/2025 Legislative Date 9/30/2025 Action Pre-filed Proceedings
Chamber House Calendar Date 1/14/2026 Legislative Date 1/14/2026 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax – Cybersecurity Technology and Service Tax Credit – Alterations Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	9/30/2025	9/30/2025	Pre-filed
House	1/14/2026	1/14/2026	First Reading Ways and Means
			Text - First - Income Tax – Cybersecurity Technology and Service Tax Credit – Alterations

File Code

Subjects

Statutes