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MD
Maryland Biotechnology Investment Incentive Tax Credit (BIITC)
Refundable state income tax credit equal to 33% (up to $250,000) or 50% (up to $500,000) of an eligible investment in a Qualified Maryland Biotechnology Company.
About this program
Visit the program website for full details.
Eligibility
Investors making a minimum $25,000 investment in a Qualified Maryland Biotechnology Company that is headquartered in Maryland, has fewer than 50 employees, and has been in active business no longer than 12 years.
Requirements
- Minimum investment of $25,000 in a QMBC
- Investor must file an income tax return in any jurisdiction
- Target company must be certified as a QMBC by Maryland Commerce