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Welcome to BidMaryland.com, the State of Maryland's Tax Credit Auction website. In the spring of 2011, the Maryland legislature passed the InvestMaryland program, a historic initiative that will infuse a minimum of $70 million into promising start-up and early stage companies in Maryland, creating the largest venture capital investment in the State's history. As part of the program, the Maryland Venture Fund Authority was created as an independent nine-member panel to oversee the implementation of InvestMaryland, including the selection of third-party consultants to manage the tax credit auction. The funds will be raised by auctioning insurance premium tax credits to authorized Maryland insurance companies for use in future tax years. As an insurer doing business in Maryland with insurance premium tax liability, your firm is eligible to purchase the InvestMaryland program's tax credits. We anticipate an online auction of the credits will take place in March 2012. We look forward to your support as we execute this innovative new initiative.
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