Income Tax – Cybersecurity Technology and Service Tax Credit – Alterations
Hearing 1/29 at 1:00 p.m. (House)
Summary
The bill establishes the Buy Maryland Cybersecurity Tax Credit, allowing qualifying Maryland businesses, nonprofits and other tax‑filers to claim a credit equal to 50% of eligible cybersecurity purchases, up to $50,000 per buyer and $1 million aggregate per seller. The credit is refundable if it exceeds the buyer’s state income tax liability. It is limited to purchases from Maryland cybersecurity firms that meet size, revenue and ownership criteria.
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Ask about HB 290
3 free questions a day, no accountHearings
- Ways and Means — Bill HearingWays and Means · Jan 29, 2026
History
- Hearing 1/29 at 1:00 p.m.
- First Reading Ways and Means
- Pre-filed
Sponsors
- Chair, Ways and Means Committee · sponsor
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