Buy Maryland Cybersecurity (BMC) Tax Credit
The Buy Maryland Cybersecurity Tax Credit is designed to promote the cybersecurity industry in Maryland by helping small businesses purchase cybersecurity technologies and services from Maryland cybersecurity companies to protect business information.
To qualify for the Maryland Tax Credit, a company must:
Employ fewer than 50 staff members in Maryland and file an income tax return in Maryland
Operate as a for Profit Organization in the state of Maryland
Purchase from January 1, 2019 to December 31, 2019. The tax credit must be claimed for the tax year in which a purchase is made
Implement a National Institute of Standards and Technology's (NIST) Cybersecurity Framework: Framework Core.
Purchase eligible cybersecurity technologies are proprietary goods and products designed to protect information systems, electronically stored data or information, and electronic data and information transferred between information systems.
Qualified Maryland Cybersecurity Seller
All purchases must be made from a Purchase from a Qualified Maryland Cybersecurity Seller
Purchase Qualifying Products and Services from Choice CyberSecurity
Complete the paper application and submit your application plus attachments via courier or by mail to: Maryland Department of Commerce
ATTN: Tax Incentives
World Trade Center
401 E. Pratt Street, 17th Floor
Baltimore, Maryland 21202
Receive your tax credit certificate from the Department of Commerce
Submit tax credit certificate to the Comptroller of Maryland when filing your 2019 state income tax return