Biotech Investment Incentive Tax Credit
Leverage Maryland's BIITC in Fundraising Efforts
Angelo Poletis, Principal at SC&H Group, will host a chat about the Biotechnology Investment Incentive Tax Credit (BIITC). This powerful incentive means investors in Qualified Maryland Biotech Companies (QMBCs) may be eligible to receive FY2017 tax credits equal to 50% of an eligible investment.
There is $12M budgeted towards this credit, a very attractive incentive for potential investors. QMBC's need to thoroughly understand the qualifying process to leverage the credit. We'll make sure to discuss:
- Value of the credit
- Criteria of QMBCs to determine if your company qualifies
- Various deadlines to receive the credit
- Application process for the BIITC
We'll be taking questions below and then be live on May 9th at 1pm for a Q&A.