(a) In this section, “investment”, “qualified investor”, and “qualified Maryland cybersecurity company” have the meanings stated in § 10–733 of the Tax – General Article.
(b) For a qualified opportunity fund that is a qualified investor in a qualified Maryland cybersecurity company under § 10–733 of the Tax – General Article, if the qualified Maryland cybersecurity company is located in an opportunity zone in a county other than Allegany County, Dorchester County, Garrett County, or Somerset County:
(1) the Level 1 opportunity zone enhancement is 33% of the investment in a qualified Maryland cybersecurity company, not to exceed $300,000; and
(2) the Level 2 opportunity zone enhancement is 50% of the investment in the qualified Maryland cybersecurity company, not to exceed $500,000.
(c) The enhanced tax credit percentages and maximums authorized under subsection (b) of this section are in substitution for and not in addition to the percentages and maximums under § 10–733(d) of the Tax – General Article.