Income Tax - Angel Investor Tax Credit
Sponsor: LaToya Nkongolo (District 31)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 33% of an investment made in qualified Maryland companies, not to exceed $250,000 except in certain counties; requiring the Department of Commerce to maintain an online portal providing information about the credit and managing applications for the credit; providing that a qualified investor shall make an investment in a qualified Maryland company within 30 calendar days after the Department issues an initial tax credit certificate; etc.
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Testimony (11)
MGA witness listFAV 10FavorableUNF 1Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | League, Liz | Greater Severna Park and Arnold Chamber of Commerce | Written (PDF) |
| FAV | LaBarge, Jason | LaBarge Financial | Oral |
| FAV | Hawkins, Giavante | MSATP | Written (PDF) |
| FAV | Greenhawk, Janet | Moms For Liberty Talbot | Position only |
| FAV | Alexander, Les | Individual | Oral + Written (PDF) |
| FAV | Delegate Nkongolo, Delegate Nkongololegislator | Individual | Oral |
| FAV | Lang, Alan | Individual | Position only |
| FAV | Mauer, William | Individual | Position only |
| FAV | Nkongolo, LaToya | Individual | Written (PDF) |
| FAV | Vetter, Drew | Individual | Written (PDF) |
| UNF | Phillips, Dana | Department of Budget and Management | Written (PDF) |