Expertise Beyond the Numbers

马里兰税收抵免旨在刺激对早期生物技术公司的投资

Updated 5/26/2021

确保资金是一个组织未来成功的关键,尤其是对马里兰州的种子和早期生物技术公司来说. To help spur the growth of these companies, 马里兰州已经颁布了生物技术投资激励税收抵免(BIITC). 马里兰州商务部(Commerce)管理信贷申请,并向生物技术公司和投资者提供有关要求的信息, 步骤, and deadlines on their 网站.

Under the BIITC, 投资者可以获得可退还的所得税抵免,相当于合格马里兰生物技术公司(QMBC)的合格投资的50%。. 可退还信用意味着,如果一个投资者有资格获得信用,但没有马里兰的税收责任, 投资者在提交马里兰州所得税申报单时,将得到一张州政府的支票. 本质上,投资者会从投资中获得现金回报.

要获得信贷,qmbc和投资者必须采取以下三个步骤.

Step One: Satisfy Eligibility Requirements

合格的质量管理中心必须总部和运营总部设在马里兰州, as well as certified by the Secretary of Commerce. 进一步, they must have no more than 12 years as an active business, fewer than 50 employees, and at least one full-time, non-executive employee performing biotech research in Maryland.

To qualify as an investor, 符合条件的个人或公司投资者必须投资至少25美元,000 in a QMBC and submit applications to be certified by Commerce.

每个QMBC的投资者在每个财政年度最多只能获得25万美元的信贷. 然而, 增信额度高达合格投资的75%(最高500美元),000) are available when the QMBC is in Allegany, 多尔切斯特, 萨默塞特, or Garrett counties. 蒙哥马利县的投资者可以从该县补充计划获得一笔款项, in addition to receiving Maryland’s BIITC.

Step Two: Complete Applicable Forms

符合资格的公司必须通过填写和提交来申请认证 形式B. 特别是,公司必须在回答问题11时附上几份文件:

  • Organizational documents, (三)最近30天内由国务院税务评估部门出具的资信良好证明
  • List of intellectual property, licenses, and patents
  • Documentation of laboratory and experimentation activity
  • Formal business plan, including information such as R&D expenses and a balance sheet showing equity

请注意,如果当前的表格B已经在商务部备案并且在31天内,那么问题11的附件不必为每个潜在QMBC投资者提交.

投资者必须填写以下几种申请表格中的一种,这取决于他们的结构:

公司投资者和传递实体必须提供良好的信誉和组织文件的验证. 除了, 所有投资者都应准备披露有关刑事犯罪的信息, delinquent taxes, and litigation for securities fraud.

Step Three: Submit Applications in a Timely Manner

Applications are first come, first serve. 因此, qmfc和投资者应尽快填写和提交表格, per the following guidelines:

  • QMBCs. 提交表格A前,必须先通过网上系统提交表格B QMBC申请. 提交表格A后,商业将向QMBC发出用户名和申请编号. Then, the QMBC must electronically submit their application 在信用网站上使用他们的用户名和申请号.
  • 投资者. Between 30 and 60 days prior to making a qualifying investment, investors must submit their completed application to Commerce.

Within 30 days of receiving the investor application, 商务部门将签发初始税收抵免证明,拒绝或批准该抵免(连同已批准金额的验证). 如果贷款获得批准,投资者将有30天的时间向QMBC投资.

Once the investment is complete, 投资者有10天的时间向商务部提供书面通知和支持文件. Based on the investment amount, Commerce will issue a final tax credit certificate, 有了它,投资者可以获得抵免他们的马里兰所得税责任.

Factoring in Convertible Debt

如果在最初的税收抵免证明的30天内发生债务转换为股权, 可转换债务将符合条件,如果该债务是在投资者申请BIITC日期之前一年内创建的.

Since the program’s intent is to bring in new money, 超过一年未偿债务的续展不符合转换资格. 股权所有权可以转换为公司的普通股或优先股,也可以转换为合伙企业或有限责任公司的合伙资本.

最终, both QMBCs and investors can benefit from the BIITC, 只要他们以必要的方式完成了所需的步骤. By working with an experienced tax professional, they can accurately submit all necessary forms on time, resolve relevant tax issues, and prepare for future success.

Want to learn more about the BIITC?
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