SB 721

Reestablishing a time period of taxable years from December 21, 2022, to January 1, 2028, for a credit against the Maryland income tax for certain costs incurred by employers to obtain federal security clearances for employees, rent certain spaces, and construct or renovate certain sensitive compartmented information facilities in the State; limiting eligibility for the income tax credit to individuals or corporations that employ not more than 500 employees; and applying the Act to taxable years beginning after December 31, 2022.

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