Income Tax - Credit for Cybersecurity Measures Undertaken by Small Businesses
Sponsor: April Rose (District 5)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 3/02 at 1:00 p.m. (as of Nov 9, 2023)
What this bill does
Official synopsis
Authorizing a credit against the State income tax for a certain small business that employs 50 or fewer employees for costs incurred by the small business during the taxable year for certain cybersecurity measures undertaken by the small business; making the credit refundable; and applying the Act to all taxable years beginning after Decmber 31, 2022.
AI analysis is off. Set ANTHROPIC_API_KEY to enable summaries, pros and cons, and questions.
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 (6)
MGA witness listFAV 6Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Hawkins, Giavante | MSATP | Written (PDF) |
| FAV | Bogdan, Henrylobbyist | Maryland Nonprofits | Position only |
| FAV | Price, Sarahlobbyist | Maryland Retailers Association | Written (PDF) |
| FAV | Levine, Brianlobbyist | Montgomery County Chamber of Commerce | Written (PDF) |
| FAV | Delegate Rose, Delegate Roselegislator | Individual | Oral |
| FAV | Kasemeyer, Pam | Individual | Position only |
Organizations on record
Registered lobbyists who testified
FAVPrice, SarahMaryland Retailers AssociationRegistered for: Maryland Retailers Alliance; Maryland Retailers Association
FAVLevine, BrianMontgomery County Chamber of CommerceRegistered for: Montgomery County Chamber of Commerce