Maryland SB826 establishes an Angel Investor Tax Credit for investments in emergent technology companies.

Maryland SB826 creates a tax credit for angel investors who invest in qualified Maryland companies engaged in emergent technologies like artificial intelligence, quantum computing, or cybersecurity. The credit is 25% of the investment amount, up to a specified limit. To qualify, investors must invest at least $25,000 in a company that has been in business for less than a certain number of years and has not received more than $2 million in investment. The companies must be headquartered in Maryland, have fewer than a certain number of full-time employees, and be in good standing.

Maryland SB826 establishes an Angel Investor Tax Credit for investments in emergent technology companies.

Maryland SB826 creates a tax credit for angel investors who invest in qualified Maryland companies engaged in emergent technologies like artificial intelligence, quantum computing, or cybersecurity. The credit is 25% of the investment amount, up to a specified limit. To qualify, investors must invest at least $25,000 in a company that has been in business for less than a certain number of years and has not received more than $2 million in investment. The companies must be headquartered in Maryland, have fewer than a certain number of full-time employees, and be in good standing.