Income Tax - Cybersecurity Technology and Service Tax Credit - Alterations
What this bill does
Establishing the Buy Maryland Cybersecurity Tax Credit; providing the purpose of the credit is to promote the cybersecurity industry in the State by helping Maryland businesses and nonprofits purchase cybersecurity technologies and services from Maryland companies; altering eligibility for the credit; altering the aggregate amount of credits that may be issued for certain cybersecurity purchases from $200,000 to $1,000,000; prohibiting the Department from approving a credit for a taxable year beginning after December 31, 2030; etc.
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 (18)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Levin, Shawn | Avid Practice, Inc. | Oral |
| FAV | Spector, Bruce | Baltimore Cyber Range | Written (PDF) |
| FAV | Cornish, Tasha | Cybersecurity Association, Inc. | Oral |
| FAV | Cornish, Tasha | Cybersecurity Association, Inc. | Written (PDF) |
| FAV | Hill Jr, Ronald | Hill Tech Solutions LLC | Oral |
| FAV | Coker, Harry | Maryland Department of Commerce | Written (PDF) |
| FAV | Coker, Harry | Maryland Department of Commerce | Oral + Written (PDF) |
| FAV | LaHatte, Jennifer | Maryland Department of Commerce | Oral |
| FAV | Schulz, Kelly | Maryland Tech Council | Oral |
| FAV | Levine, Brianlobbyist | Montgomery County Chamber of Commerce | Written (PDF) |
| FAV | Levine, Brianlobbyist | Montgomery County Chamber of Commerce | Written (PDF) |
| FAV | Wieland, Tom | Ritchie Pharmacy , Brooklyn Park, Md. | Written (PDF) |
| FAV | Chair, Budget and Taxation Committee, Chair, Budget and Taxation Committee | Individual | Oral |
| FAV | Chair, Budget and Taxation Committee, Chair, Budget and Taxation Committee | Individual | Oral |
| FAV | Fiastro, Johnlobbyist | Individual | Oral |
| FAV | Mauer, William | Individual | Position only |
| FAV | Vetter, Drew | Individual | Written (PDF) |
| FWA | Cohn, Michael | Summit Business Technologies | Oral + Written (PDF) |