Research and Development Tax Credit (R&D)
Maryland Department of Commerce
State
Funding Amount
Varies
Deadline
Rolling / Open
Grant Type
state
Overview
Research and Development Tax Credit (R&D)
Maryland businesses that incur Maryland qualified R&D expenses may qualify for two state income tax credits (Basic R&D Tax Credit, Growth R&D Tax Credit). Total credits granted may not exceed $12 million in a fiscal year, or the credit is pro-rated.
Details
- Agency: Maryland Department of Commerce
- Application Due: Annually on November 15
- Financial Assistance: Tax Credit
Eligible Applicants
For-Profit, Individuals
Eligibility
Eligible Applicant Types
For-ProfitIndividuals
How to Apply
Application Due: Annually on November 15
Program website: http://commerce.maryland.gov/fund/programs-for-businesses/research-and-development-tax-credit
Focus Areas & Funding Uses
Project Locations
MD
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