Economic Development - Delivering Economic Competitiveness and Advancing Development Efforts (DECADE) Act

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The DECADE Act rewrites Maryland's economic development statutes, establishing a dedicated fund that can provide low‑interest loans, loan guarantees, equity participation, and grants. It adds tax exemptions for certain IT services and creates credits for film production and biotechnology projects. The law targets small, minority, women‑owned, and socially or economically disadvantaged businesses while setting clear caps, reporting rules, and penalties.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Hearings

• Budget and Taxation — Bill Hearing
  Budget and Taxation · Apr 2, 2026
• Senate Budget and Taxation Committee
  Senate Budget and Taxation Committee · Apr 2, 2026
• Ways and Means — Bill Hearing
  Ways and Means · Feb 24, 2026

History

1. May 12, 2026Approved by the Governor - Chapter 352
2. Apr 13, 2026Third Reading Passed
3. Apr 13, 2026Second Reading Passed with Amendments
4. Apr 13, 2026Passed Enrolled
5. Apr 13, 2026House Concurs Senate Amendments
6. Apr 13, 2026Favorable with Amendments {
7. Apr 10, 2026Favorable with Amendments Report by Budget and Taxation
8. Mar 25, 2026Hearing 4/02 at 1:00 p.m. (Budget and Taxation)
9. Mar 23, 2026Referred Budget and Taxation Finance
10. Mar 21, 2026Third Reading Passed
11. Mar 20, 2026Second Reading Passed with Amendments
12. Mar 20, 2026Favorable with Amendments Report by Ways and Means

The 12 most recent of 16 recorded actions.

Sponsors

• Scott Phillips (D) · sponsor
• Administration
• Allen
• Amprey
• Behler
• Bhandari
• Boafo
• Boyce
• Coley
• D. Jones
• Edelson
• Fennell
• Griffith
• Guyton
• Harrison
• Hill
• Holmes
• Hornberger
• Ivey
• Kaufman
• Lewis
• Moreno
• Odom
• Pasteur
• Patterson

And 20 more cosponsors.

Bill text

Opens the legislature’s own copy.

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