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Attention Maryland Businesses – Have You Used Your “Buy Maryland Cybersecurity Tax Credit?”

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Save 50% On Cybersecurity Purchases From Hill Tech Solutions For A Limited Time

As you’re thinking about your taxes for the past year, you need to check out this great gift from the State of Maryland.  They’re offering a tax credit if you purchase cybersecurity products and services from a Maryland Cybersecurity Company listed as an authorized seller.  Hill Tech Solutions in Baltimore is an authorized seller.

What Is The Buy Maryland Cybersecurity Tax Credit?

It provides an incentive for Qualified Maryland Companies to purchase cybersecurity technologies and services and take a 50% tax credit off the net purchase price. You must claim the tax credit for the year that the purchase was made.  The tax credit is designed to help small businesses purchase cybersecurity technologies and services from Maryland cybersecurity companies to protect business information.

Credits Are Limited To First Come First Served

The tax credits are limited to the funding that’s available for the Department of Commerce. The funding is earmarked at a rate of 25% for cybersecurity services and 75% for cybersecurity technology.

Currently, $1.5 million in funds is available through the Department of Commerce for cybersecurity technology while $500,000 has been set aside for cybersecurity services.

Important Note: If you wait, others will get the credits, and you may miss out. A 50% tax credit can save a lot of money on cybersecurity services and products, so you shouldn’t put this off. Maryland Commerce is accepting applications now.

How To Quality For The Tax Credit

You must submit your completed application to the Maryland Department of Commerce. Once approved you will be eligible to claim a tax credit for 50 percent of the cybersecurity purchases you make from Hill Tech Solutions. The tax credit is capped at $50,000 for purchases up to $100,000.

Many Others Have Already Taken Advantage Of The Tax Credit So Funds Are Running Out

The Maryland Department of Commerce has totaled $2 million in funding for the tax credit.  Once the funding runs out, you won’t be able to take advantage of the tax credit.

Act Now To Get The 50% Credit

To be eligible for the tax credit, you must make your purchases before December 31st.  With only a few days left in December, now is the time to apply.

And it’s not too early to look at your technology budget for 2019 and start making plans for your cybersecurity products and services.

  • You can claim as much as $50,000 in tax credits in one year from cybersecurity technology purchases from Hill Tech Solutions.
  • Hill Tech can only sell $400,000 worth of cybersecurity products and services in one year, so it’s important to act now.

Submit your application to Maryland Commerce now. Once you’re approved, Hill Tech Solutions can help you decide what cybersecurity products and services best meet your needs.

To set up an appointment to secure your Cybersecurity Tax Credit, contact Hill Tech Solutions in Baltimore at, call (410) 671-5780 or email [email protected]

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