Civic News
Cybersecurity / Municipal government

The final push is on for a cybersecurity tax credit in Maryland

The bill would provide a tax credit for investors.

Gov. Larry Hogan announces the Maryland Tech Council in January 2017. (Photo by Stephen Babcock)

With just a few days remaining in the state’s legislative session, the clock is ticking on a bill that would create a cybersecurity tax credit for investors.
The bill is among the initiatives being pushed by Gov. Larry Hogan, and he is making a push as end of the session approaches next week. The governor’s office issued a “final countdown” alert last week.
The Baltimore Business Journal reports that the bill passed the Senate. But it would still need to be passed by the House of Delegates in order to become law.
Under the bill, a cybersecurity investor who backs a Maryland-based company and invests at least $25,000 would be eligible for a tax credit of up to one-third of the investment. Previously, tax credits went directly to companies.

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