Maryland Senate Bill 25: Income Tax - Cybersecurity Technology and Service Tax Credit - Alterations

Maryland · 2026 Regular Session

What it does

Establishing the Buy Maryland Cybersecurity Tax Credit; providing the purpose of the credit is to promote the cybersecurity industry in the State by helping Maryland businesses and nonprofits purchase cybersecurity technologies and services from Maryland companies; altering eligibility for the credit; altering the aggregate amount of credits that may be issued for certain cybersecurity purchases from $200,000 to $1,000,000; prohibiting the Department from approving a credit for a taxable year beginning after December 31, 2030; etc.

Latest action

Hearing 3/24 at 1:00 p.m. (2026-03-16)

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