MD SB826

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

Qualified Maryland companies must have headquarters in the state, fewer than 25 full-time employees, annual gross revenues under $20,000,000, and have operated for no more than 7 years (with exceptions for companies newly expanding into emergent technology)

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

Investors must complete investments within 30 days of receiving an initial tax credit certificate and may not own more than 50% of the company after investing; unused credits can be carried forward for up to 5 years

Takes effect July 1, 2026, applies to taxable years 2026-2029, and automatically sunsets on June 30, 2030