Maryland: tax incentives, credits and advisors
Maryland's state incentives include a refundable film production activity credit of 28% to 30%, a refundable 20% historic revitalization credit, an R&D credit and the refundable Biotechnology Investment Incentive Tax Credit.
Facts checked 2026-10-26 against the official sources linked below.
Below are the major Maryland incentives we could verify against an official source, grouped by type. This is not an exhaustive list of every state program. Credits flagged Transferable can be sold or assigned to another taxpayer under state rules; see transferable state tax credits. Each row shows the date we last checked it.
Maryland film and media incentives
| Incentive | Type | Who qualifies | Amount, rate or cap | Transferable | Refundable | Status | Source |
|---|---|---|---|---|---|---|---|
| Film production activity tax credit | Credit (refundable) | Feature films and TV series with over $250,000 of Maryland direct costs; small Maryland films over $25,000 | 28% of direct costs (30% for TV series), up to $10 million per project; small films 28% up to $125,000 | Not stated | Yes | Active | Maryland Commerce, Film Production Activity Tax Credit Last verified 2026-10-26 |
Maryland historic and building rehabilitation incentives
| Incentive | Type | Who qualifies | Amount, rate or cap | Transferable | Refundable | Status | Source |
|---|---|---|---|---|---|---|---|
| Historic revitalization tax credit | Credit (refundable) | Owners of certified historic structures completing a certified rehabilitation | 20% of qualified expenditures (+5% for high performance commercial buildings); up to $50,000 for homeowner and small commercial projects, $5 million for commercial | Not stated | Yes; excess over liability may be refunded | Active | Comptroller of Maryland, Form 502S (2025); COMAR 34.04.07.03 Last verified 2026-10-26 |
Maryland research and development incentives
| Incentive | Type | Who qualifies | Amount, rate or cap | Transferable | Refundable | Status | Source |
|---|---|---|---|---|---|---|---|
| Research and development tax credit | Credit | Businesses with qualified Maryland R&D expenses | 10% of eligible Maryland R&D expenses above the Maryland base amount | Not stated | Yes for small businesses | Active | Maryland Commerce, R&D Tax Credit Last verified 2026-10-26 |
Maryland angel and venture investment incentives
| Incentive | Type | Who qualifies | Amount, rate or cap | Transferable | Refundable | Status | Source |
|---|---|---|---|---|---|---|---|
| Biotechnology investment incentive tax credit | Credit (refundable) | Investors of at least $25,000 in Qualified Maryland Biotechnology Companies | 33% up to $250,000; 50% up to $500,000 in certain counties or RISE zones; Opportunity Zone levels 65%/75% through tax year 2026; FY27 funding $10 million | Not stated | Yes | Active | Maryland Commerce, BIITC Last verified 2026-10-26 |
Advisors located in Maryland
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Common questions
Is the Maryland film tax credit refundable?
Yes. It is a refundable credit of 28% of qualified direct costs, or 30% for TV series, up to $10 million per project.
What is the Maryland biotech investor credit?
BIITC is a refundable credit of 33% of an eligible investment up to $250,000, or 50% up to $500,000 in certain counties or RISE zones.
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