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Bill > HB898
MD HB898
MD HB898Economic Development - Delivering Economic Competitiveness and Advancing Development Efforts (DECADE) Act
summary
Introduced
02/04/2026
02/04/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Altering the designation, administration, and purposes of and eligibility for certain economic development programs; redesignating the Economic Development Opportunities Program Account to be the Strategic Closing Fund within the Department of Commerce; altering the purposes for and methods by which the Fund may be utilized; altering the termination date of the Build Our Future Grant Pilot Program, Job Creation Tax Credit, Research and Development Tax Credit, and Employer Security Clearance Costs Tax Credit; etc.
AI Summary
This bill, the Economic Development - Delivering Economic Competitiveness and Advancing Development Efforts (DECADE) Act, makes several changes to economic development programs in Maryland. Key provisions include renaming the "Economic Development Opportunities Program Account" to the "Strategic Closing Fund" within the Department of Commerce, and altering how this fund can be used to support significant economic development opportunities. The bill also extends the termination dates for several tax credit programs, including the Build Our Future Grant Pilot Program, the Job Creation Tax Credit, the Research and Development Tax Credit, and the Employer Security Clearance Costs Tax Credit, pushing their expiration dates further into the future. Additionally, it renumbers and reorganizes certain economic development programs and subtitles within the Annotated Code of Maryland, and makes adjustments to the administration and funding of programs like the Regional Institution Strategic Enterprise Zone Program and the Build Our Future Grant Program, with the Maryland Economic Development Corporation (MEDCO) taking on a more central administrative role in some instances.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (42)
Nick Allen (D)*,
Marlon Amprey (D),
Dylan Behler (D),
Harry Bhandari (D),
Adrian Boafo (D),
Regina Boyce (D),
Derrick Coley (D),
Mark Edelson (D),
Diana Fennell (D),
Mike Griffith (R),
Michele Guyton (D),
Andrea Harrison (D),
Terri Hill (D),
Marvin Holmes (D),
Kevin Hornberger (R),
Julian Ivey (D),
Dana Jones (D),
Aaron Kaufman (D),
Robbyn Lewis (D),
Gabriel Moreno (D),
Darrell Odom (D),
Cheryl Pasteur (D),
Edith Patterson (D),
Scott Phillips (D),
Andrew Pruski (D),
Lily Qi (D),
Denise Roberts (D),
Mike Rogers (D),
Kim Ross (D),
Malcolm Ruff (D),
Gary Simmons (D),
Jared Solomon (D),
Ryan Spiegel (D),
Deni Taveras (D),
Kym Taylor (D),
Chris Tomlinson (R),
Veronica Turner (D),
Courtney Watson (D),
Jennifer White Holland (D),
Greg Wims (D),
Chao Wu (D),
Natalie Ziegler (D),
Last Action
House Ways and Means Hearing (13:00:00 2/24/2026 ) (on 02/24/2026)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0898?ys=2026RS |
| BillText | https://mgaleg.maryland.gov/2026RS/bills/hb/hb0898f.pdf |
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