Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State or Territory: | Maryland |
| Effected Jurisdiction: | Maryland |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2021 |
| Program name: | Cybersecurity Invest Incent Tax Credit |
| Program purpose: | Technology (cybersecurity) |
| Statutory authority: | Annotated Code of Maryland Tax General Article Section 10-733 |
| Abating jurisdiction(s): | State of Maryland |
| Applicable taxes: | Corporate Income Tax; Personal Income Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | The provision for recapturing abated taxes requires the cybersecurity company to repay a prorated share of the credit claimed if within 2 years it ceases to operate as an active business with its headquarters and base of operations in Maryland. |
| Gross revenue loss: | $500,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $500,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.marylandtaxes.gov/reports/acfr.php |
