Economic Development - Cybersecurity Investment Incentive Tax Credit Program - Expansion, Extension, and Study
What this bill does
Altering the Cybersecurity Investment Incentive Tax Credit program in the Department of Commerce to be the Innovation Investment Incentive Tax Credit program; providing that the purpose of the program is to foster the growth of Maryland's technology sectors; expanding the tax credit to include investments in certain technology companies; prohibiting the Department from certifying eligibility for tax credits for investments in a single technology sector in excess of 25% of a certain amount in any fiscal year; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (23)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Kohli, Pranay | ACTIVEcharge LLC | Written (PDF) |
| FAV | Thielke, Mike | Eastern Shore Entrepreneurship Center | Written (PDF) |
| FAV | Fry, Donald | Greater Baltimore Committee | Written (PDF) |
| FAV | Fry, Donald | Greater Baltimore Committee | Written (PDF) |
| FAV | Wang, Chengwei | HighT-Tech LLC | Written (PDF) |
| FAV | Cable, Josh | InventWood | Written (PDF) |
| FAV | Girma, Gedielem | Ion Storage Systems, Inc. | Written (PDF) |
| FAV | Hafey, Elizabeth | Johns Hopkins University and Medicine | Written (PDF) |
| FAV | Rosendale, Martin | MTC | Written (PDF) |
| FAV | Thielkje, Mike | Maryland Business Innovation Association | Written (PDF) |
| FAV | Schulz, Kelly | Maryland Department Of Commerce | Written (PDF) |
| FAV | Schulz, Kelly | Maryland Department Of Commerce | Oral + Written (PDF) |
| FAV | Gramm, Heather | Maryland Department of Commerce | Oral |
| FAV | Sinfield, Lani | Maryland Department of Commerce | Oral |
| FAV | Kasemeyer, Pam | Schwartz, Metz & Wise, P.A. | Written (PDF) |
| FAV | LeMaile-Stovall, Troy | TEDCO | Written (PDF) |
| FAV | Wahler, Megan | bwtech@UMBC | Written (PDF) |
| FAV | Bailey, Michael | Individual | Position only |
| FAV | Chair, Budget and Taxation Committee, Chair, Budget and Taxation Committee | Individual | Oral |
| FAV | Chair, Budget and Taxation Committee, Chair, Budget and Taxation Committee | Individual | Position only |
| FAV | Darmody, Brian | Individual | Written (PDF) |
| FAV | Toll, Brian | Individual | Written (PDF) |
| FAV | Wills, Andrew | Individual | Written (PDF) |