Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
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.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Investment must be in a Qualified Maryland Biotechnology Company
2.QMBC: fewer than 50 employees, HQ in Maryland, derives ≥50% revenue from biotech
3.Credit: 33% of investment (50% in Revitalization Areas)
4.Minimum investment: $25,000; maximum: $500,000
5.Annual statewide cap; credits awarded on first-come basis
DEED · Minnesota
Credit equal to 25% of investment in certified Minnesota startup companies, available to both individual and corporate investors. Certified businesses must be in technology, new proprietary products/processes, or meet other qualifying criteria. Annual statewide credit cap of $17 million.
ADOR · Arizona
State income tax credit for businesses conducting qualifying R&D activities in Arizona. Credit equals 24% of the first $2.5 million in qualifying expenses and 15% above that threshold, mirroring the federal R&D credit structure.
DCEO · Illinois
Income tax credit of 25% for individual investors in certified Illinois innovative small businesses. The credit encourages investment in high-tech startups in life sciences, manufacturing, technology, and clean energy, with a $2 million maximum credit per taxpayer.