Biotechnology Investment Incentive Tax Credit (BIITC)
Offers investors in Maryland biotech firms a tax credit based on qualifying equity investment amounts.
The Biotechnology Investment Incentive Tax Credit (BIITC), administered by the Maryland Department of Commerce, provides Maryland income tax credits to individuals and entities that invest in Qualified Maryland Biotechnology Companies (QMBCs). The standard credit rate is 33% of eligible investment, with a maximum of $250,000 in tax credits per investor. Higher rates apply in designated areas: 50% …
Maryland income tax credits of 33–75% of eligible investment for individuals and entities investing a minimum of $25,000 in certified early-stage, Maryland-headquartered biotechnology companies.
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Guides for this application
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