2025 Regular Session • Maryland Legislature
HB1321: Income Tax - Credit for Cybersecurity Measures Undertaken by Small Businesses
Legislative Summary
Authorizing a credit against the State income tax for a certain small business that employs 50 or fewer employees for costs incurred by the small business during the taxable year for certain cybersecurity measures undertaken by the small business; making the credit refundable; and applying the Act to all taxable years beginning after December 31, 2024.
Demographic Impact
Overall analysis of equity impact
70% Positive
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Bill History
2/7/2025
First Reading Ways and Means
House of Delegates
2/7/2025
Hearing 2/20 at 1:00 p.m.
House of Delegates
Status Information
Current Status
Introduced(2/7/2025)
Chamber
House of Delegates
Committee
Ways and Means(House of Delegates)
Sponsors
Republican: 11
Primary Sponsor
April Rose
Republican