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Tax CreditMarylandActiveVerified

Maryland Biotechnology Investment Tax Credit

Maryland Department of Commerce (MD Commerce)MD-BIO-TAX
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Maryland

About This Program

Refundable income tax credit of 33% for investments in Maryland Qualified Maryland Biotechnology Companies (QMBCs), and 50% for investments in QMBCs located in a Revitalization Area. Supports Maryland's growing biotech and life sciences ecosystem.

Key Requirements & Eligibility

  • 1Investment must be in a Qualified Maryland Biotechnology Company
  • 2QMBC: fewer than 50 employees, HQ in Maryland, derives ≥50% revenue from biotech
  • 3Credit: 33% of investment (50% in Revitalization Areas)
  • 4Minimum investment: $25,000; maximum: $500,000
  • 5Annual statewide cap; credits awarded on first-come basis

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Apply or Learn More

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

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Applicable Industries

Research & DevelopmentHealthcareTechnology
Official Source