MD SB25

Renames the existing cybersecurity tax credit as the "Buy Maryland Cybersecurity Tax Credit" and expands eligibility by removing the 50-employee limit for qualified buyers

Increases the annual revenue threshold for qualified sellers from $5 million to $10 million and raises the per-seller aggregate credit cap from $200,000 to $1,000,000

Makes the tax credit refundable, allowing qualified buyers to receive a refund if the credit exceeds their state income tax liability

Adds businesses owned by individuals from historically economically disadvantaged groups as eligible qualified sellers, while removing minority-owned and woman-owned business designations

Sets a sunset date of December 31, 2030, after which the Department of Commerce may no longer approve credits under this program