Cybersecurity Investment Incentive Tax Credit – Eligibility, Appropriation, and Sunset Extension

Bill Number:  SB0228

Bill Sponsor(s):  Senator Guzzone

Subject:  Budget and Taxation

Bill Summary:

Altering the eligibility criteria for the cybersecurity investment incentive tax credit to provide the credit to a certain qualified investor in a certain qualified Maryland cybersecurity company rather than providing the credit to the company; altering the definition of “company” to include an entity that organizes under certain laws and for the purpose of conducting business for profit within a certain time period; increasing the mandated appropriation from $2,000,000 to $5,000,000; etc.

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