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Bill

SB 427

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

2025 Regular Session Introduced by Ben Brooks and 7 co-sponsors

Maryland's DECADE Act advances economic competitiveness through development initiatives; passed third reading and faces appropriations review.

Rereferred to Ways and Means and Appropriations
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Bill Summary · SB 427

Legislative bill overview

SB 427, the DECADE Act, is Maryland economic development legislation designed to enhance the state's competitiveness and advance development initiatives. The bill has passed third reading with amendments and is currently navigating committee review in the Ways and Means and Appropriations process. Specific policy details would require access to the full bill text, as the summary provided focuses primarily on procedural timeline.

Why is this important

Economic development bills directly affect business investment, job creation, and tax revenue in Maryland. The progression through Budget and Taxation (with favorable amendments) and routing to Ways and Means suggests this legislation involves fiscal considerations that will impact the state budget and revenue allocations.

Potential points of contention

  • Fiscal impact clarity: The bill's movement through appropriations committees indicates spending or revenue implications that may be debated regarding cost-benefit ratios and budget sustainability
  • Development incentive structure: Economic development bills often contain tax credits, grants, or subsidies that can raise questions about corporate accountability and equitable distribution across regions
  • Amendment scope: Multiple "favorable with amendments" reports suggest substantive changes were made; stakeholders may disagree on whether amendments strengthened or weakened the original intent

Compiled from official sources — confirm details with the bill’s official record.

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