Archive: Maryland Department of Business and Economic Development

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Plan Ahead for the Proposed Maryland Cybersecurity Tax Credit

On January 16, 2013, Governor Martin O’Malley unveiled the CyberMaryland Investment Incentive Tax Credit Program as part his proposed FY 2014 budget.  The proposed program will provide a refundable tax credit in the amount of 33% of investments made in a Maryland cybersecurity company.  The proposed budget allocates $3,000,000 in tax credits for the “first […]
February 8, 2013
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  • Aronson

Maryland Tax Alert: Securing a Big Tax Credit for Security Clearance and SCIF Expenses

Maryland recently enacted a new income tax credit for individuals and corporations for qualifying expenses with respect to: (1) security clearance administrative expenses incurred with regard to an employee in the State; and/or, (2) construction and equipment costs incurred to construct or renovate sensitive compartmented information facilities (SCIF) located in Maryland. Credit Amount: The credit […]
May 15, 2012
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  • Aronson