Legislation

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.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): June 1, 2018

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber Senate Calendar Date 1/19/2018 Legislative Date 1/19/2018 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 1/19/2018 Legislative Date 1/19/2018 Action Hearing 1/31 at 2:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Cybersecurity Investment Incentive Tax Credit - Eligibility, Appropriation, and Sunset Extension Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/16/2018 Legislative Date 3/16/2018 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/16/2018 Legislative Date 3/16/2018 Action Favorable with Amendments {629236/1 Adopted Proceedings 48AClick to view Recorded Media
Chamber Senate Calendar Date 3/16/2018 Legislative Date 3/16/2018 Action Second Reading Passed with Amendments Proceedings 48AClick to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Cybersecurity Incentive Tax Credits Proceedings
Chamber Senate Calendar Date 3/19/2018 Legislative Date 3/17/2018 Action Third Reading Passed (47-0) Proceedings 48CClick to view Recorded Media
Chamber House Calendar Date 3/20/2018 Legislative Date 3/16/2018 Action Referred Ways and Means Proceedings 50 Click to view Recorded Media
Chamber House Calendar Date 3/22/2018 Legislative Date 3/22/2018 Action Hearing 3/28 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/05/2018 Legislative Date 4/05/2018 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 4/05/2018 Legislative Date 3/27/2018 Action Favorable with Amendments {935666/1 Adopted Proceedings 61AClick to view Recorded Media
Chamber House Calendar Date 4/05/2018 Legislative Date 3/27/2018 Action Second Reading Passed with Amendments Proceedings 61AClick to view Recorded Media
Chamber House Calendar Date 4/06/2018 Legislative Date 3/28/2018 Action Third Reading Passed (111-23) Proceedings 62 Click to view Recorded Media
Chamber Senate Calendar Date 4/09/2018 Legislative Date 4/02/2018 Action Senate Concurs House Amendments Proceedings 64 Click to view Recorded Media
Chamber Senate Calendar Date 4/09/2018 Legislative Date 4/02/2018 Action Third Reading Passed (45-0) Proceedings 64 Click to view Recorded Media
Chamber Senate Calendar Date 4/09/2018 Legislative Date 4/02/2018 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - Cybersecurity Incentive Tax Credits Proceedings
Chamber Post Passage Calendar Date 5/15/2018 Legislative Date 5/15/2018 Action Approved by the Governor - Chapter 578 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Cybersecurity Incentive Tax Credits Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/19/2018	1/19/2018	First Reading Budget and Taxation
Senate	1/19/2018	1/19/2018	Hearing 1/31 at 2:30 p.m.
			Text - First - Cybersecurity Investment Incentive Tax Credit - Eligibility, Appropriation, and Sunset Extension
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/16/2018	3/16/2018	Favorable with Amendments Report by Budget and Taxation
Senate	3/16/2018	3/16/2018	Favorable with Amendments {629236/1 Adopted	48AClick to view Recorded Media
Senate	3/16/2018	3/16/2018	Second Reading Passed with Amendments	48AClick to view Recorded Media
			Text - Third - Cybersecurity Incentive Tax Credits
Senate	3/19/2018	3/17/2018	Third Reading Passed (47-0)	48CClick to view Recorded Media
House	3/20/2018	3/16/2018	Referred Ways and Means	50 Click to view Recorded Media
House	3/22/2018	3/22/2018	Hearing 3/28 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	4/05/2018	4/05/2018	Favorable with Amendments Report by Ways and Means
House	4/05/2018	3/27/2018	Favorable with Amendments {935666/1 Adopted	61AClick to view Recorded Media
House	4/05/2018	3/27/2018	Second Reading Passed with Amendments	61AClick to view Recorded Media
House	4/06/2018	3/28/2018	Third Reading Passed (111-23)	62 Click to view Recorded Media
Senate	4/09/2018	4/02/2018	Senate Concurs House Amendments	64 Click to view Recorded Media
Senate	4/09/2018	4/02/2018	Third Reading Passed (45-0)	64 Click to view Recorded Media
Senate	4/09/2018	4/02/2018	Passed Enrolled
			Text - Enrolled - Cybersecurity Incentive Tax Credits
Post Passage	5/15/2018	5/15/2018	Approved by the Governor - Chapter 578
			Text - Chapter - Cybersecurity Incentive Tax Credits

File Code

Subjects

Statutes