In the House - Hearing 3/05 at 1:00 p.m.
Summary
The bill gives Maryland angel investors a tax credit equal to 33% of their investment, up to $250,000 (with higher limits in certain counties). The Department of Commerce will run an online portal to certify companies, manage applications, and issue credit certificates that investors must act on within 30 days. A reserve fund and recapture rules are included to oversee the credit and enforce compliance.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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