Maryland HB1128 establishes an Angel Investor Tax Credit to incentivize investments in emergent technology companies.

Maryland HB1128 creates an Angel Investor Tax Credit to encourage investment in early-stage companies and small businesses expanding in Maryland. The credit is intended to foster growth in emergent technologies like artificial intelligence, quantum computing, and cybersecurity. To qualify, companies must meet specific criteria, including operating within Maryland, having annual gross revenues under $20 million, and fewer than full-time employees. Investors must invest at least $25,000 and file an income tax return.

Maryland HB1128 establishes an Angel Investor Tax Credit to incentivize investments in emergent technology companies.

Maryland HB1128 creates an Angel Investor Tax Credit to encourage investment in early-stage companies and small businesses expanding in Maryland. The credit is intended to foster growth in emergent technologies like artificial intelligence, quantum computing, and cybersecurity. To qualify, companies must meet specific criteria, including operating within Maryland, having annual gross revenues under $20 million, and fewer than full-time employees. Investors must invest at least $25,000 and file an income tax return.