Biotechnology Investment Incentive Tax Credit (BIITC)
Maryland Department of Commerce
Funding Amount
Varies
Deadline
Rolling / Open
Grant Type
state
Overview
Biotechnology Investment Incentive Tax Credit (BIITC)
BIITC provides refundable income tax credits to eligible investors in Qualified Maryland Biotechnology Companies (QMBC) equal to 33% or 50% of an eligible investment in a QMBC, up to $250,000 or $500,000 in tax credits.
Details
- Agency: Maryland Department of Commerce
- Application Due: Two different forms are due in August and September. See website for dates.
- Financial Assistance: Tax Credit
Eligible Applicants
For-Profit, Individuals
Eligibility
Eligible Applicant Types
How to Apply
Application Due: Two different forms are due in August and September. See website for dates.
Program website: http://commerce.maryland.gov/fund/programs-for-businesses/bio-tax-credit
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