MD SB25 | 2026 | Regular Session
Status
Sponsorship: Partisan Bill (Democrat 7)
Status: Engrossed on February 17 2026 - 50% progression, died in committee
Action: 2026-03-16 - Hearing 3/24 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on February 17 2026 - 50% progression, died in committee
Action: 2026-03-16 - Hearing 3/24 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Engrossed) [PDF]
Summary
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.
Title
Income Tax - Cybersecurity Technology and Service Tax Credit - Alterations
Sponsors
| Senate Budget and Taxation Committee | Sen. Malcolm Augustine [D] | Sen. Shelly Hettleman [D] | Sen. Nancy King [D] |
| Sen. Karen Lewis Young [D] | Sen. Cory McCray [D] | Sen. Jim Rosapepe [D] | Sen. Craig Zucker [D] |
Roll Calls
2026-02-17 - Senate - Third Reading Passed (Y: 41 N: 0 NV: 3 Abs: 3) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2026-03-16 | House | Hearing 3/24 at 1:00 p.m. |
| 2026-02-18 | House | Referred Ways and Means |
| 2026-02-17 | Senate | Third Reading Passed (41-0) |
| 2026-02-12 | Senate | Second Reading Passed with Amendments |
| 2026-02-12 | Senate | Favorable with Amendments {473021/1 Adopted |
| 2026-02-11 | Senate | Favorable with Amendments Report by Budget and Taxation |
| 2026-01-15 | Senate | Hearing 1/21 at 10:00 a.m. |
| 2026-01-14 | Senate | First Reading Budget and Taxation |
| 2025-09-30 | Senate | Pre-filed |
Same As/Similar To
HB290 (Crossfiled) 2026-01-16 - Hearing 1/29 at 1:00 p.m.
Subjects
Civil Rights and Social Equity
Commerce, Department of
Cybersecurity
Income Tax
Information Technology
Nonprofit Organizations
Reports
Revenue and Taxes
Tax Credits
Taxes - Income
Commerce, Department of
Cybersecurity
Income Tax
Information Technology
Nonprofit Organizations
Reports
Revenue and Taxes
Tax Credits
Taxes - Income
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 733.1 | (n/a) | See Bill Text |
