Income Tax - Credit for Cybersecurity Measures Undertaken by Small Businesses
Sponsor: April Rose (District 5)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/29 at 1:00 p.m. (as of Nov 13, 2024)
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 December 31, 2023.
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Testimony (4)
MGA witness listFAV 3FavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Blum, Danna | Carroll County Chamber of Commerce | Written (PDF) |
| FAV | Levine, Brianlobbyist | Montgomery County Chamber of Commerce | Written (PDF) |
| FAV | Delegate Rose, Delegate Roselegislator | Individual | Oral |
| INFO | Vykol-Gray, Laura | Maryland Department of Budget and Management OPSB | Written (PDF) |
Organizations on record
Registered lobbyists who testified
FAVLevine, BrianMontgomery County Chamber of CommerceRegistered for: Montgomery County Chamber of Commerce