Maryland Biotechnology Investment Incentive Tax Credit
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Welcome the Maryland Biotechnology Investment Incentive Tax Credit (BIITC) Application Page. All applications must be submitted using the online application platform. Commerce will not accept applications in any other format.
Please refer to the BIITC webpage for programmatic information.
Commerce will be accepting applications for the Fiscal Year 2024 program as follows:
- As of August 22, 2023, Commerce is now accepting the Form B Qualified Maryland Biotechnology Company (QMBC) Application. The Form B QMBC application must be submitted before Commerce will accept investor applications.
- Beginning on September 6, 2023, Commerce will begin accepting the Form A Qualified Investor Application. Investor applications must be submitted no later than September 25, 2023 at 11:59 p.m. in order to be eligible for the Online Electronic Queue Investor Registration. Investor applications submitted after September 25 at 11:59 p.m. will be issued a username and reference number after September 26, 2023.
- Upon submission of your Form A Qualified Investor Application, you will receive a confirmation email that includes a five-letter username and six-digit reference number. Save the username and reference number from this email.
- Beginning on September 26, 2023 at 9:00 a.m. EST, Commerce will open the Online Electronic Queue Investor Registration through a separate website called https://bio.mdtaxcredit.org/. This website will require investors to use the username and reference number received after submitting the Form A Qualified Investor Application.
- The deadline to submit a Form B (QMBC) application is 3/31/2024.
- The deadline to submit a Form A (investor) application is 4/30/2024.
