Income Tax – Angel Investor Tax Credit for Investments in Emergent Technology
Sponsor: Lily Qi (District 15)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 3/05 at 1:00 p.m. (as of Sep 4, 2026)
What this bill does
Official synopsis
Allowing a credit against the State income tax for 25% of an investment made in qualified Maryland companies up to $1,000,000; providing that investments in companies engaging in certain emergent technology may qualify for the tax credit subject to certain requirements; providing that a qualified investor shall make an investment in a qualified Maryland company within a certain amount of time after the Department issues an initial tax credit certificate; etc.
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Testimony (15)
MGA witness listFAV 12FavorableUNF 2UnfavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Cornish, Tasha | Cybersecurity Association, Inc. | Written (PDF) |
| FAV | Griffin, Andrewlobbyist | Howard County Chamber of Commerce | Written (PDF) |
| FAV | Ball, Calvin | Howard County Executive | Written (PDF) |
| FAV | Wiggins, Grasonlobbyist | Maryland Chamber of Commerce | Oral + Written (PDF) |
| FAV | Ziegler, Natalie | Maryland General Assembly | Written (PDF) |
| FAV | Levine, Brianlobbyist | Montgomery County Chamber of Commerce | Written (PDF) |
| FAV | DeCheubel, Leeza | Rural Maryland Council | Written (PDF) |
| FAV | Delegate Qi, Delegate Qilegislator | Individual | Oral |
| FAV | Lang, Alan | Individual | Position only |
| FAV | Mauer, William | Individual | Position only |
| FAV | Smith, Quentin | Individual | Written (PDF) |
| FAV | Vetter, Drew | Individual | Written (PDF) |
| UNF | Phillips, Dana | Department of Budget and Management | Written (PDF) |
| UNF | Hawkins, Giavante | MSATP | Written (PDF) |
| INFO | Dudzic, Matthew | Office of the Comptroller | Written (PDF) |
Organizations on record
MSATPUNF 1
Registered lobbyists who testified
FAVGriffin, AndrewHoward County Chamber of CommerceRegistered for: Alliance to Prevent Legionnaire's Disease; American Subcontractors Association of Baltimore; Annapolis Maritime Museum & Park; Associated Utility Contractors of Maryland; Experience Prince George's; Howard County Chamber of Commerce…
FAVWiggins, GrasonMaryland Chamber of CommerceRegistered for: Maryland Chamber of Commerce; United Way of Central Maryland, Inc.; Madison Marquette Property Investments LLC; Maryland Automobile Insurance Fund; Family Tree, The; OVG Facilities…
FAVLevine, BrianMontgomery County Chamber of CommerceRegistered for: Montgomery County Chamber of Commerce