Maryland — Corporate Income / Franchise Tax

Maryland imposes a flat corporate income tax rate of 8.25% on a corporation's Maryland taxable income. This rate applies to C corporations doing business in Maryland or organized under Maryland law. The tax is computed by applying the 8.25% rate to Maryland taxable income, which is generally federal taxable income with Maryland-specific modifications, apportioned to Maryland for multistate businesses.

Maryland taxable income for corporations operating solely within Maryland equals their Maryland modified income. For corporations engaged in multistate operations, Maryland uses a single-sales-factor apportionment formula (fully phased in as of tax year 2022) to determine the portion of income attributable to Maryland, except for certain worldwide headquartered companies that may use different apportionment methods.

Source: Md. Code Ann., Tax-Gen. § 10-105(b)

Maryland imposes a corporate income tax on the Maryland taxable income of each corporation, subject to certain exemptions. The tax applies to C corporations doing business in Maryland or organized under Maryland law. Exemptions include financial institutions subject to the financial institution franchise tax, insurance companies subject to taxation under Title 6 of the Insurance Article, partnerships, S corporations (except for pass-through entity-level taxes under § 10-102.1), and limited liability companies treated as partnerships for federal tax purposes.

Phased Rate Reduction (SB 836, 2025 Legislative Session) The tax rate is no longer a flat 8.25% for all years. Recent Maryland legislation (SB 836, "Economic Competitiveness Act of 2025") phases down the corporate income tax rate over several years, as follows:

• Taxable years beginning after December 31, 2024, but before January 1, 2026: 8.25%
• Taxable years beginning after December 31, 2025, but before January 1, 2027: 7.75%
• Taxable years beginning after December 31, 2026, but before January 1, 2028: 7.25%
• Taxable years beginning after December 31, 2027, but before January 1, 2029: 6.75%
• Taxable years beginning after December 31, 2028: 6.25%

The phased reduction schedule is codified in Md. Code Ann., Tax-Gen. § 10-105(b) as amended by SB 836 (2025 Session). No changes are made to corporation types subject to the tax or to the principal exemptions.

Source: Md. Code Ann., Tax-Gen. § 10-102; Md. Code Ann., Tax-Gen. § 10-104; Md. Code Ann., Tax-Gen. § 10-105(b), SB 836 (2025)

Maryland corporate income tax returns are due by the 15th day of the fourth month following the close of the corporation's tax year. For calendar-year C corporations, this means the return is due April 15. Corporations allowed a later federal due date under the Internal Revenue Code receive the same due date for Maryland purposes.

Source: COMAR 03.04.03.04

Maryland grants an automatic extension of up to 7 months to file the corporate income tax return (Form 500) if a corporation files Form 500E (Application for Extension to File Corporation Income Tax Return) by the original return due date. For calendar-year corporations, this means filing the extension request by April 15 to obtain an extension until November 15.

Separate state extension required

Maryland does not conform to the automatic federal extension. A corporation that files federal Form 7004 with the IRS must still file a separate Maryland Form 500E with the Comptroller of Maryland to receive a Maryland extension. The federal extension does not extend the Maryland filing deadline on its own.

Extension deadline

Form 500E must be filed by the same date the corporate income tax return would otherwise be due — the 15th day of the fourth month following the close of the corporation's tax year. A corporation that files Form 500E by that date receives an automatic 7-month extension; no approval from the Comptroller is required.

First-time filers

A corporation filing its first Maryland corporate income tax return must submit Form 500E even if it has zero tax due, if the corporation needs an extension. Corporations that have previously filed Form 500 and have zero Maryland tax liability for the current year may request an extension online through the Maryland Comptroller's Internet Extension Request Filing System rather than submitting a paper or electronic Form 500E.

Extension of time to file, not to pay

The extension applies only to the time for filing the return. It does not extend the time for payment of tax. Any tax due must be paid by the original return due date to avoid interest and penalties. A corporation expecting to owe tax should compute the estimated tax liability on Form 500E and remit payment with the extension request. Payments of $10,000 or more must be made by electronic funds transfer.

Corporations in consolidated federal groups

Affiliated corporations included in a consolidated federal return must file separate Maryland extension requests for each member corporation. Maryland does not permit consolidated returns under state law, so each affiliated corporation subject to Maryland tax files its own Form 500 and, if needed, its own Form 500E.

Source: COMAR 03.04.03.04; Maryland Form 500E; Maryland Online Extension Filing

Maryland imposes corporate income tax on corporations organized under Maryland law and on foreign corporations doing business in Maryland. A foreign corporation has nexus if its Maryland activities exceed the protections of P.L. 86-272, which shields only the solicitation of orders for tangible personal property approved and filled outside Maryland. Activities that create nexus include maintaining a business location in Maryland, owning or using property in the state, having employees accept orders in Maryland, installing or assembling products, maintaining inventory in public warehouses, providing technical assistance or training, and operating mobile stores.

Source: Md. Code Ann., Tax-Gen. § 10-102; Administrative Release No. 2

Maryland uses a single-sales-factor apportionment formula for corporations engaged in multistate unitary business operations. This formula determines the portion of Maryland modified income attributable to Maryland by multiplying total Maryland modified income by the sales factor (Maryland sales ÷ total sales). The single-sales-factor method fully replaced the prior three-factor formula beginning with tax years after December 31, 2021.

Phase-in schedule

Maryland phased in the single-sales-factor formula over five years beginning in 2018. The phase-in schedule was:

• 2018 tax year: (Property factor + Payroll factor + 3 × Sales factor) ÷ 5
• 2019 tax year: (Property factor + Payroll factor + 4 × Sales factor) ÷ 6
• 2020 tax year: (Property factor + Payroll factor + 5 × Sales factor) ÷ 7
• 2021 tax year: (Property factor + Payroll factor + 6 × Sales factor) ÷ 8
• 2022 tax year and after: Maryland modified income × 100% of sales factor

Prior to 2018, Maryland required non-manufacturing corporations to use a three-factor formula with property, payroll, and double-weighted sales factors.

Manufacturing corporations

Manufacturing corporations — defined as corporations primarily engaged in activities in NAICS sectors 11, 31, 32, or 33 — have used the single-sales-factor formula since before the general phase-in. A corporation is "primarily engaged" in manufacturing if more than 50% of its sales derive from these NAICS sectors and line 1c (sales) of its federal return exceeds 50% of line 11 (total income). Manufacturing corporations must certify that their NAICS code is consistent with codes reported to other government agencies. Refiners as defined in Md. Code Ann., Bus. Reg. § 10-101 are excluded from the manufacturing-corporation definition.

Worldwide headquartered company election

A "worldwide headquartered company" may elect annually to continue using the prior three-factor formula with double-weighted sales: (Property factor + Payroll factor + 2 × Sales factor) ÷ 4. To qualify, a corporation must be part of a group including a parent that: (1) filed a Form 10-Q with the SEC for the quarterly period ending June 30, 2017; (2) has its principal executive office in Maryland; and (3) employs at all times between July 1, 2017, and June 30, 2020, at least 500 full-time employees at that principal executive office. The statute does not define "principal executive office."

Sales factor sourcing — tangible personal property

Maryland follows destination-based sourcing for tangible personal property. Receipts are in the sales factor numerator if the property is delivered or shipped to a purchaser within Maryland, regardless of f.o.b. point. This includes property in transit to a Maryland destination.

Sales factor sourcing — services

Maryland applies market-based sourcing for services. Receipts from services are in the numerator if derived from customers within Maryland. For individuals, the customer is within Maryland if domiciled in Maryland. For business enterprises, the customer is within Maryland if the business is domiciled in Maryland. When a service is performed both within and outside Maryland, the Comptroller looks to where the customer receives the benefit of the service. For services related to real property (construction, design, improvements), receipts are sourced to the situs of the property. If no particular place of business can be identified as the principal impetus for a contract, receipts are in the numerator only if the customer's headquarters or principal place of business management is located in Maryland.

Intangible income treatment

For corporations subject to the general single-sales-factor formula, gross receipts from intangible items such as dividends, interest, royalties, and capital gains (including capital gains from sales of tangible personal property) are excluded from both the numerator and denominator of the sales factor. For worldwide headquartered companies that elect the three-factor formula, gross income from intangible investments must be included in the numerator calculation based on the average of the property and payroll factors.

Source: Md. Code Ann., Tax-Gen. § 10-402; COMAR 03.04.03.08; COMAR 03.04.03.10

Maryland requires a corporation to make quarterly estimated income tax payments if the corporation's estimated tax for the complete tax period will exceed $1,000. Corporations file Form 500D (Maryland Declaration of Estimated Corporation Income Tax) with each quarterly remittance. Payments of $10,000 or more must be remitted electronically by immediately available funds.

Quarterly due dates

Estimated tax declarations and payments are due by the 15th day of the 4th, 6th, 9th, and 12th month following the beginning of the tax year or period. For a calendar-year corporation, the four installment dates are April 15, June 15, September 15, and December 15.

Amount required per installment

At least 25% of the total estimated tax must be remitted by each of the four installment due dates. The corporation must pay at least 25% of the estimated income tax shown on the declaration or amended declaration for the taxable year with the declaration or amended declaration that covers that year, and with each quarterly return for that year.

Safe-harbor thresholds to avoid underpayment interest

The total estimated tax payments for the year must be at least:

• 90% of the tax developed for the current taxable year, or
• 110% of the tax developed for the prior tax year.

If the corporation's estimated payments meet either safe harbor, the Comptroller may not assess interest on unpaid tax under Md. Code Ann., Tax-Gen. § 13-602. If a corporation fails to pay an installment when due or estimates a tax that is both less than 90% of the current-year tax required to be shown on the return and less than 110% of the tax paid for the prior taxable year (reduced by any credit allowed under § 10-703), the Comptroller shall assess interest on unpaid tax from the due date to the date on which the tax is paid.

Assessment of interest and penalty for underpayment of estimated tax is based on the tax for the current taxable year.

Short tax periods

For a short tax period, the total estimated tax for the taxable period shall be paid equally over the number of installment due dates occurring during the short tax year. However, estimated tax is not required to be remitted for a short period of less than four months.

Consolidated federal filers

Affiliated corporations that are included in a consolidated federal return must file separate Maryland estimated declarations for each member corporation. Consolidated returns are not allowed under Maryland law.

Final reconciliation

Any unpaid income tax for the year shown on the corporation's annual income tax return (Form 500) must be paid with that return, which is due by the 15th day of the fourth month following the end of the tax year.

Source: COMAR 03.04.03.06; Md. Code Ann., Tax-Gen. § 10-902; Md. Code Ann., Tax-Gen. § 13-602

Maryland does not impose a minimum corporate income tax or filing fee on corporations with no Maryland taxable income or on corporations below any income threshold. The corporate income tax is computed solely as 8.25% of Maryland taxable income. If a corporation's Maryland taxable income is zero or negative, the income tax liability is zero.

Filing requirement regardless of income

Maryland law requires every Maryland corporation to file a corporate income tax return (Form 500) even if the corporation has no taxable income or is inactive. Foreign corporations subject to Maryland income tax that have income or losses attributable to Maryland sources must also file Form 500 regardless of whether they owe tax. The filing requirement exists independently of whether any tax is due.

Distinction from annual report fee

Corporations doing business in Maryland must also file an annual report (Form 1) with the Maryland State Department of Assessments and Taxation (SDAT), due by April 15 each year. The annual report filing fee for stock corporations is $300. This $300 fee is a business registration and charter maintenance fee, not an income tax. It is paid to SDAT, not to the Comptroller of Maryland. The annual report and personal property tax return are due under Maryland Tax-Property Code § 11-101, which is a separate filing from the corporate income tax return (Form 500) filed under the Tax-General article.

Because the corporate income tax (administered by the Comptroller) and the annual report fee (administered by SDAT) are separate obligations under separate statutes, a corporation with zero Maryland taxable income owes zero corporate income tax but still owes the $300 annual report fee to SDAT if it is a stock corporation organized or registered in Maryland.

Source: Md. Code Ann., Tax-Gen. § 10-105(b); Business Income Tax Information, Maryland Comptroller; Md. Code Ann., Tax-Property § 11-101

Maryland does not permit affiliated corporations to file combined or consolidated corporate income tax returns. Each corporation that files in a consolidated federal group must file a separate Maryland corporate income tax return and report its Maryland taxable income computed on a separate-company basis, without regard to the federal consolidation.

Separate filing mandate

COMAR 03.04.03.03(B)(1) provides: "Affiliated corporations which are included in a consolidated federal return shall file separate Maryland returns, and each separate corporation shall report its taxable income without regard to any consolidation for federal income tax purposes." This rule applies regardless of the degree of common ownership, the existence of a unitary business relationship, or whether the affiliated group files a consolidated federal return.

Each Maryland corporation reports its own Maryland taxable income, starting with its separate federal taxable income (or, in the case of a consolidated federal filer, its pro forma separate federal taxable income as if it had filed a separate federal return). That income is then adjusted by Maryland-specific additions and subtractions, and — for corporations operating in multiple states — apportioned to Maryland using Maryland's single-sales-factor formula.

Separate computation of net operating losses

When an affiliated group files a consolidated federal return, Maryland requires each member corporation to calculate its own net operating loss deduction on a separate-company basis. COMAR 03.04.03.07(A)(3) states: "When an affiliated group of corporations files a consolidated return for federal purposes, each separate member corporation shall calculate any net operating loss deduction based on its separate federal taxable income and loss and as if the member corporation was not involved in a consolidated filing and filed a separate federal return." A corporation may not use another member's losses, nor can it carry forward a loss generated during a year in which the corporation had no Maryland nexus.

Related-party add-back rule — intercompany adjustments

Because Maryland requires separate filing but does not permit combined reporting, the state addresses intercompany income-shifting through a related-party add-back statute. Under Md. Code Ann., Tax-Gen. § 10-306.1(b), a corporation must add back to its federal taxable income (when computing Maryland modified income) any otherwise deductible interest expense or intangible expense (including royalties, licensing fees, and similar payments for the use of intangible property) that is paid, accrued, or incurred to a related member. A "related member" is defined under § 10-306.1(a)(9) to include component members of a controlled group (as defined in IRC § 1563) and persons with attribution of stock ownership under IRC §§ 318 or 1563(e), generally requiring at least 50% common ownership.

Exceptions to the add-back

The add-back does not apply if the taxpayer can demonstrate one or more of the following exceptions under § 10-306.1(c):

1. The related member receiving the payment includes the income in its tax base in Maryland or another U.S. state and pays tax on it at an aggregate effective tax rate that is at least equal to the Maryland rate imposed on the payor (taking apportionment into account);
2. The transaction giving rise to the payment was undertaken for a valid business purpose other than the avoidance of Maryland income tax;
3. The payment was made pursuant to an arm's-length contract at an arm's-length rate or price; or
4. The payor and recipient are both included in a combined or consolidated return filed in another jurisdiction, and the tax base of that jurisdiction includes the payment.

The burden of proof rests on the taxpayer to demonstrate that an exception applies. Failure to substantiate an exception results in the add-back being required.

Subtraction modification for the recipient

Maryland provides a corresponding subtraction modification under § 10-306.1(f) for a corporation that receives royalty, interest, or similar income from a related member to the extent the related member was required to add back the payment under Maryland's add-back statute (or a similar statute in another state or treaty jurisdiction). This prevents double taxation when both the payor and recipient file in Maryland. However, the subtraction is disallowed if the transaction had a principal tax-avoidance purpose, the payment was not at arm's length, or the effective tax rate on the recipient exceeds the rate on the payor.

Federal adjustment reconciliation

Corporations in a consolidated federal group that receive an IRS audit adjustment must submit a copy of the final IRS adjustment report to the Comptroller within 90 days. COMAR 03.04.03.06(B)(2) requires that the submission "include a schedule reconciling the separate adjustments for each member corporation." Each Maryland-filing member must then file an amended Maryland return reflecting its separate-company share of the federal adjustment.

No combined reporting — current status

As of June 2026, Maryland continues to mandate separate filing. Mandatory combined reporting bills have been introduced repeatedly in the Maryland General Assembly (e.g., H.B. 172 in 2021, S.B. 576 in 2023, and S.B. 859 in 2025) but have not been enacted. The 2025 budget bill (S.B. 859) would have required affiliated corporations engaged in a unitary business to file a combined income tax return for tax year 2029 and beyond, with regulations to be adopted by the Comptroller consistent with Multistate Tax Commission principles, but the bill did not pass. Unless and until the General Assembly enacts combined reporting, each affiliated corporation doing business in Maryland must continue to file a separate Maryland return.

Source: COMAR 03.04.03.03 Source: Md. Code Ann., Tax-Gen. § 10-306.1 Source: COMAR 03.04.03.07 Source: COMAR 03.04.03.06

Maryland corporate taxable income begins with a corporation's federal taxable income, subject to state-specific addition and subtraction modifications to arrive at Maryland modified income. Maryland's modifications, including decoupling from various federal deductions and treatment of foreign-derived income, are codified in Md. Code Ann., Tax-Gen. §§ 10-305 (additions), 10-306 and 10-306.1 (further additions), and 10-307 (subtractions).

FDII (Foreign-Derived Intangible Income) Deduction (IRC § 250):

• For tax years beginning after June 30, 2023, Maryland does NOT allow subtraction for the federal FDII deduction. Corporations must add back any FDII deduction claimed under IRC § 250 when computing Maryland income. Md. Code Ann., Tax-Gen. § 10-307(g) provides: “For a taxable year beginning after June 30, 2023, the subtraction under subsection (d) of this section does not include any amount allowable as a deduction under § 250 of the Internal Revenue Code…”
• The effect is that Maryland fully decouples from the FDII deduction for the 2023 and later tax years. The federal transition from FDII to FDDEI terminology is not reflected in Maryland forms or statute as of tax year 2026; Maryland statutes and Form 500 continue to reference FDII and FDII deduction under IRC § 250.
• The FDII deduction add-back is reported as an addition modification on Maryland Form 500, line 2 ("other additions"), using the modification code specified in the Form 500 instructions.

Foreign-source dividends and Subpart F income (IRC §§ 245A, 951, 78):

• Prior to HB 337 (2023 Session), Maryland allowed a subtraction modification for dividends received from 50%-or-greater foreign subsidiaries (IRC § 245A), income inclusions under IRC §§ 78 and 951 (Subpart F), subject to requirements in Tax-Gen. § 10-307(b)-(d).
• New law: For tax years beginning after June 30, 2023, Maryland law disallows the subtraction for foreign dividends (including Subpart F and IRC § 78 amounts) to the extent they are attributable to or offset by the federal FDII (§ 250) deduction. Only foreign dividends not linked to an IRC § 250 deduction may be subtracted.
• Any ineligible foreign-source dividend (barred from subtraction by § 10-307(g)) must be reported as an addition modification on Form 500, line 2. Subtractions for eligible dividends (i.e., not offset by IRC § 250) continue to be reported on Form 500, line 3c (dividends from related foreign corporations).

Reporting summary table: | Federal Item | Maryland Treatment | Reporting location | |-----------------------------|---------------------------------------------------|-------------------------------------| | FDII deduction (IRC § 250) | Not allowed as subtraction; must add back | Form 500, line 2 (addition) | | Foreign dividends (IRC § 245A), Subpart F (IRC § 951), IRC § 78 | Allowed as subtraction only if not related to IRC § 250 deduction | Form 500, line 3c (if permitted); otherwise, line 2 (addition) |

Effective date:

• These changes apply to tax years beginning after June 30, 2023. See Md. Code Ann., Tax-Gen. § 10-307(g); HB 337 fiscal note at 1–2.

Other decoupling and modification topics—bonus depreciation, Section 163(j), and R&E expensing:

• Maryland has permanently decoupled from federal bonus depreciation (IRC § 168(k)).
• Maryland requires recalc for business interest expense deduction under IRC § 163(j) per decoupling rules and Form 500DM instructions.
• For tax years 2025 and earlier, Maryland generally decouples from federal expensing of domestic research and experimental (R&E) expenditures, requiring amortization instead.

Corporations must disclose and substantiate all Maryland modifications (additions or subtractions) on Form 500 and, when required, on Form 500DM (Decoupling Modification Schedule).

Source: Md. Code Ann., Tax-Gen. § 10-305 Source: Md. Code Ann., Tax-Gen. § 10-307 Source: HB 337 fiscal note (2023) Source: Maryland Form 500 instructions, Tax Year 2025 Source: Maryland Comptroller—Foreign Dividends Guidance

Direct answer: As of June 2026, Maryland has not issued official guidance or an administrative position specifically addressing whether internet-based activities—such as use of cookies, web-based services, or post-sale support provided online—preclude protection under P.L. 86-272 for out-of-state corporations making sales of tangible personal property into Maryland.

Why: P.L. 86-272 (15 U.S.C. § 381) protects out-of-state sellers from state income tax when their only in-state activity is the solicitation of orders for tangible personal property, with orders approved and shipped from outside the state. Maryland’s existing Administrative Release No. 2 details activities that exceed mere solicitation, such as technical assistance, training, installation, repair, and maintaining inventory within Maryland, and clarifies these activities defeat P.L. 86-272 immunity. However, the release and the relevant Maryland statutes and regulations do not mention or analyze modern internet-related contacts, such as digital cookies or web-based customer interactions.

Source support: Maryland Administrative Release No. 2 remains Maryland’s principal public guidance on P.L. 86-272 application, enumerating traditional, physical presence activities but omitting digital/internet-specific guidance. As of June 2026, neither the Comptroller nor the legislature has referenced or adopted the Multistate Tax Commission’s 2021 revised Statement on P.L. 86-272 and its expansion of unprotected activities to include certain internet contacts. Maryland’s statutes and regulations do not independently address web-based interactions.

Source: Maryland Comptroller, Administrative Release No. 2

Caution / review status: Not yet human confirmed. Maryland’s silence on post-2021 digital activities means out-of-state sellers relying on MTC guidance for cookie‑based/web‑based activities remain in unsettled territory unless and until Maryland issues further formal guidance.

Corporations subject to Maryland’s corporate income tax may claim several principal credits designed to promote economic development, research, and job creation. Statutory eligibility and calculation details are critical for claiming each credit—practitioners must cross-check cited sections for full definitions and exclusions. This section addresses both the main general credits and the principal industry-specific credits with direct statutory and agency references as of mid-2026.

General Credits

1. Enterprise Zone Income Tax Credit (Md. Code Ann., Tax-Gen. § 10-704.3) — $1,000 per qualified new employee/year for three years in a certified Maryland enterprise zone or focus area; $6,000 for each certified economically disadvantaged employee. Annual certification required. Carryforward up to five years. Specific definitions in statute.

2. Job Creation Tax Credit (JCTC) (Md. Code Ann., Tax-Gen. § 10-704.4) — $3,000 per qualifying job ($5,000 in revitalization areas) for creation of at least 60 jobs (25 in revitalization areas). Strict definition of “qualified business entity,” with application and recapture procedures. Carryforward up to five years. Ineligible for concurrent use with One Maryland Credit for same project.

3. Research and Development (R&D) Tax Credits (Md. Code Ann., Tax-Gen. § 10-721) — 3% credit up to average base R&D spend; 10% above base. Refundable for small businesses. Statewide cap/proration applies, with carryforward up to seven years. Requires annual Commerce application.

4. One Maryland Economic Development Tax Credit (Md. Code Ann., Tax-Gen. § 10-736) — Up to $5 million for investments in qualified facility/job creation in priority funding areas. Strict project, employment, and cost certification. Carryforward up to 10 years. Not allowed with JCTC for same jobs/costs.

5. Credit for Taxes Paid to Other States (Md. Code Ann., Tax-Gen. § 10-703) — For Maryland corporations also paying net income tax to other states on the same income. Lower of actual tax paid or Maryland computed tax on same income. Limitations apply. Documentation required.

Industry-Specific & Sector Credits

Biotechnology Investment Incentive Tax Credit (BIITC) Investors in qualified Maryland biotechnology companies (QMBCs) may receive an income tax credit of up to 33% of investment (50% in certain distressed counties); Opportunity Funds investing in Opportunity Zones may be eligible for enhanced credits (up to 75%). QMBCs must be Commerce-certified, Maryland-headquartered, <50 employees, and <12 years old. Investments must be retained for 2 years or recapture applies. Source: Maryland Department of Commerce BIITC

Film Production Activity Tax Credit Refundable credit of up to 28% of authorized direct costs (30% for series), capped per project, with separate limits for small films. Requires prequalification and final documentation through the Maryland Film Office. Annual funding limited by legislative appropriation; program mechanics are detailed on the agency’s page and implementing statutes/regulations. Source: Maryland Film Office program page

Theatrical Production Tax Credit Refundable credit of 25% of qualified Maryland costs for eligible live touring or pre-Broadway stage productions, subject to a $2 million per-production cap. Minimum spend, pre-approval, and documentation required. Source: Maryland Department of Commerce Theatrical Production

Historic Revitalization Tax Credit Provides two tracks: Small Commercial (up to $50,000 per project) and Competitive Commercial (20% of eligible costs, up to $5 million). Applies to certified historic structures; multi-stage application through Maryland Historical Trust. Source: Maryland Historical Trust program page

Buy Maryland Cybersecurity Tax Credit Buyers of cybersecurity products/services from certified Maryland sellers may claim 50% of eligible purchase price, with caps per buyer and seller. Program administered by the Department of Commerce with detailed eligibility. Source: Maryland Department of Commerce Cybersecurity Credit

Other programs such as the Cybersecurity Investment Incentive Tax Credit and the Innovation Investment Tax Credit exist, but may be sunset, available only to investors, or outside the principal scope of corporate operational tax credits as of 2026.

Source: Md. Code Ann., Tax-Gen. § 10-704.3 Source: Md. Code Ann., Tax-Gen. § 10-704.4 Source: Md. Code Ann., Tax-Gen. § 10-721 Source: Md. Code Ann., Tax-Gen. § 10-736 Source: Md. Code Ann., Tax-Gen. § 10-703 Source: Maryland Department of Commerce BIITC Source: Maryland Film Office program page Source: Maryland Department of Commerce Theatrical Production Source: Maryland Historical Trust program page Source: Maryland Department of Commerce Cybersecurity Credit

Not yet human confirmed as of 2026-07-06.