STATE BILLMD SB 25ENGROSSED

Income Tax - Cybersecurity Technology and Service Tax Credit - Alterations

State of Maryland

Establishing the Buy Maryland Cybersecurity Tax Credit; providing the purpose of the credit is to promote the cybersecurity industry in the State by helping Maryland businesses and nonprofits purchase cybersecurity technologies and services from Maryland companies; altering eligibility for the credit; altering the aggregate amount of credits that may be issued for certain cybersecurity purchases from $200,000 to $1,000,000; prohibiting the Department from approving a credit for a taxable year beginning after December 31, 2030; etc.

Status
Engrossed
Passed its first chamber
Status date
Feb 17, 2026
268 days ago
Current chamber
House of Delegates
Session
2026 Regular Session
MD SB 25 · EngrossedFeb 17

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What it means for vendors

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Bill details

Last action
Hearing 3/24 at 1:00 p.m. · Mar 16, 2026
Pending committee
Ways and Means

Sponsors

BABudget and TaxationSenatorPrimary sponsor
MAMalcolm AugustineSenator · Democrat · SD-047
SHShelly HettlemanSenator · Democrat · SD-011
NKNancy KingSenator · Democrat · SD-039
KLKaren Lewis YoungSenator · Democrat · SD-003
CMCory McCraySenator · Democrat · SD-045
JRJim RosapepeSenator · Democrat · SD-021
CZCraig ZuckerSenator · Democrat · SD-014

Bill history

Newest first.

Mar 16, 2026Hearing 3/24 at 1:00 p.m.House
Feb 18, 2026Referred Ways and MeansHouse
Feb 17, 2026Third Reading Passed (41-0)Senate
Feb 12, 2026Second Reading Passed with AmendmentsSenate
Feb 12, 2026Favorable with Amendments {473021/1 AdoptedSenate
Feb 11, 2026Favorable with Amendments Report by Budget and TaxationSenate
Jan 15, 2026Hearing 1/21 at 10:00 a.m.Senate
Jan 14, 2026First Reading Budget and TaxationSenate
Show 1 earlier action
Sep 30, 2025Pre-filedSenate

Recorded vote

Third Reading PassedFeb 17, 2026 · Senate · 41 yea · 0 nayPassed

Subjects

  • Taxes - Income
  • Civil Rights and Social Equity
  • Commerce, Department of
  • Cybersecurity
  • Income Tax
  • Information Technology
  • Nonprofit Organizations
  • Reports
  • Revenue and Taxes
  • Tax Credits

Read the bill at the source

This page follows the bill as the legislature records it. For the bill's full text and the official record, use the legislature's own site.

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