Published intelligence
MD HB 290 — Refundable Income Tax Credit; $1,000,000 Annual Cap; Maryland-Based Vendor Requirement
- Jurisdiction
- Maryland
- Date
- January 14, 2026
- Topic / pillar
- Cyber — Other · unclassified
Summary
Cybersecurity law Maryland HB 290 would establish and expand the "Buy Maryland Cybersecurity Tax Credit," providing refundable income tax credits to Maryland businesses and nonprofits that purchase qualified cybersecurity technology and services from Maryland-based cybersecurity vendors. The bill increases the aggregate annual cap from $200,000 to $1,000,000 and makes the credit refundable. Introduced by request of the Governor and cross-filed with SB 25. Hearing held January 29, 2026, in the House Ways and Means Committee. Effective July 1, 2026 if enacted.
AI-drafted · Attorney-reviewed