Maryland HB1256 establishes an Angel Investor Tax Credit to incentivize investment in qualified Maryland companies, particularly in innovative.
Maryland HB1256 creates an Angel Investor Tax Credit to encourage investment in qualified Maryland companies. The credit applies to investments in companies engaged in sectors such as advanced manufacturing, biotechnology, cybersecurity, and technology. The Maryland Economic Development Commission evaluates economic sectors and recommends additional qualifying sectors to the Department of Commerce. The Department of Commerce designates additional sectors for the credit and maintains an online portal for information and applications.
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