Hearing (House)
Summary
The bill would let individuals or entities that invest at least $25,000 in eligible Maryland companies claim a credit of 33 % of the investment (up to $250,000) against their state income tax, or 50 % (up to $500,000) for companies located in Allegany, Dorchester, Garrett, or Somerset counties. It establishes an Angel Investor Tax Credit Reserve Fund, an online portal for applications, and detailed rules for certification, timing, recapture and enforcement. The measure was heard in the House but failed to pass.
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Ask about HB 1256
3 free questions a day, no accountHearings
- Ways and Means — Bill HearingWays and Means · Mar 5, 2026
History
- Hearing 3/05 at 1:00 p.m.
- First Reading Ways and Means
Sponsors
- Nkongolo · sponsor
- Buckel
- Hornberger
- Hutchinson
- Jacobs
- Miller
- Reilly
- Schmidt
- T. Morgan
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