MD HB1128

Creates a 25% state income tax credit (up to $1,000,000) for qualified investors who invest at least $25,000 in Maryland companies engaged in artificial intelligence, quantum computing, or cybersecurity

Eligible companies must be Maryland-headquartered, operating less than 7 years, have fewer than 25 full-time employees, annual gross revenues under $20,000,000, and have received less than $2,000,000 in prior qualified investments

Establishes the Angel Investor Tax Credit Reserve Fund with a required annual appropriation of at least $25,000,000, split equally between investments in early-stage companies and companies expanding into emergent technology

Requires investors to make investments within 30 days of receiving an initial tax credit certificate and prohibits any single company from receiving more than 15% of total annual appropriations

Takes effect July 1, 2026, applies to tax years 2026-2029, and automatically sunsets on June 30, 2030 without further legislative action