2025 Regular SessionMaryland Legislature

SB427: Economic Development - Delivering Economic Competitiveness and Advancing Development Efforts (DECADE) Act

Legislative Summary

Altering the designation, administration, and purposes of and eligibility for certain economic development programs; redesignating the Maryland Economic Development Assistance Authority to be the Maryland Economic Competitiveness Fund; repealing the Maryland Small Business Development Financing Authority and certain related Funds; making the film production activity tax credit transferable; authorizing a qualified film production entity to amend its application for the tax credit under certain circumstances; etc.

Demographic Impact

Overall analysis of equity impact

70% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

1/21/2025
First Reading Budget and Taxation and Finance
Senate
2/5/2025
Hearing 2/25 at 1:00 p.m. (Budget and Taxation)
Senate
2/7/2025
Hearing canceled (Budget and Taxation)
Senate
2/7/2025
Hearing 3/04 at 1:00 p.m. (Budget and Taxation)
Senate
4/3/2025
Favorable with Amendments Report by Budget and Taxation
Senate
4/3/2025
Favorable with Amendments {973829/1
Senate
4/3/2025
Motion Special Order until Next Session (Senator Hershey) Adopted
Senate
4/3/2025
Favorable with Amendments {973829/1 Adopted
Senate
4/3/2025
Floor Amendment {733122/1 (Senator McCray) Adopted
Senate
4/3/2025
Floor Amendment {653429/1 (Senator Rosapepe) Adopted
Senate
4/3/2025
Floor Amendment {273621/1 (Senator Guzzone) Adopted
Senate
4/3/2025
Second Reading Passed with Amendments
Senate
4/4/2025
Third Reading Passed (39-4)
Senate
4/4/2025
Referred Rules and Executive Nominations
House of Delegates
4/7/2025
Rereferred to Ways and Means and Appropriations
House of Delegates

Amendments

Favorable with Amendments 973829/1

Favorable with Amendments 973829/1

4/3/2025Not Adopted

Floor Amendment 733122/1 (Senator McCray) Adopted

Floor Amendment 733122/1 (Senator McCray) Adopted

4/3/2025Adopted

Floor Amendment 653429/1 (Senator Rosapepe) Adopted

Floor Amendment 653429/1 (Senator Rosapepe) Adopted

4/3/2025Adopted

Floor Amendment 273621/1 (Senator Guzzone) Adopted

Floor Amendment 273621/1 (Senator Guzzone) Adopted

4/3/2025Adopted

Status Information

Current Status
Engrossed(4/4/2025)
Chamber
House of Delegates
Committee
Ways and Means(House of Delegates)

Documents

Engrossed
Bill Text4/4/20251271.2 KB
Introduced
Bill Text1/21/20251202.1 KB
Vote Image
Vote Image1/1/197030.7 KB
Vote Image
Vote Image1/1/197037.1 KB
Vote Image
Vote Image1/1/197053.0 KB