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.

 

Benefits

 
 
 
 

Eligibility

To qualify for the Maryland Tax Credit, a company must:

 

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Employment

Employ fewer than 50 staff members in Maryland and file an income tax return in Maryland

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Organization Type

Operate as a for Profit Organization in the state of Maryland

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2019 Purchases

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

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Compliance Framework

Implement a National Institute of Standards and Technology's (NIST) Cybersecurity Framework: Framework Core.

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Cyber Technologies

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.

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Qualified Maryland Cybersecurity Seller

All purchases must be made from a Purchase from a Qualified Maryland Cybersecurity Seller


Application Steps

 
  1. Purchase Qualifying Products and Services from Choice CyberSecurity

  2. 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

  3. Receive your tax credit certificate from the Department of Commerce

  4. Submit tax credit certificate to the Comptroller of Maryland when filing your 2019 state income tax return



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