Tax CreditMarylandActiveVerified

Maryland Biotechnology Investment Tax Credit (BITC)

Maryland Department of Commerce (MD Commerce)MD-BITC

Max per Applicant

Varies

Maximum a single org can receive

Deadline

Closed (Sep 15, 2025)

Jurisdiction

Maryland

About This Program

Provides a 33% refundable income tax credit for investments in qualified Maryland biotech companies. One of the nation's most competitive biotech incentives, supporting Maryland's life sciences cluster.

Key Requirements & Eligibility

1Investor must be a Maryland resident or Maryland-based entity
2Investment must be in a qualified biotech company with HQ in MD
3Biotech company must have fewer than 50 employees
4Credit: 33% of investment; fully refundable
5Annual program cap: $12 million statewide; competitive allocation

Related Programs

Tax CreditStateVerified

Utah Economic Development Tax Increment Finance (EDTIF) Tax Credit

Go Utah · Utah

Provides post-performance corporate income tax credits to companies creating high-paying jobs in Utah's targeted industries, based on a percentage of state taxes paid by new employees.

TechnologyManufacturingFinancial Services+1

Details

GrantStateVerified

Alabama Industrial Development Training (AIDT)

AIDT · Alabama

Free customized workforce training for new and expanding Alabama businesses, covering pre-employment screening, skills training, and on-site instruction at no cost to the company.

ManufacturingTechnologyHealthcare+1

Details

Tax CreditStateVerified

Kentucky Business Investment (KBI) Program

KCED · Kentucky

Provides tax incentives to new and expanding Kentucky businesses creating jobs and investing capital, including wage assessments, income tax credits, and sales tax savings on construction materials.

ManufacturingTechnologyLogistics+1

Details

Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source

Share:𝕏 in

Applicable Industries

HealthcareResearch & DevelopmentTechnology

Official Source