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HB 498

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

2025 Regular Session Introduced by Nick Allen and 9 co-sponsors

Maryland's DECADE Act proposes economic development measures to boost state competitiveness, currently under Ways and Means Committee review with hearings scheduled.

Hearing 3/04 at 1:00 p.m. (Ways and Means)
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Bill Summary · HB 498

Legislative bill overview

HB 498, the DECADE Act, is a Maryland economic development bill introduced by multiple House delegates aimed at enhancing the state's economic competitiveness. The bill's specific provisions are not detailed in the available information, but the title suggests it focuses on advancing development efforts and economic initiatives. The bill is currently in the Ways and Means Committee with hearings scheduled for March 4, 2025.

Why is this important

Economic development legislation directly affects tax policy, business incentives, job creation, and state revenue allocation. Maryland's competitiveness relative to neighboring states influences business location decisions and workforce retention. The bill's impact on the state budget and long-term economic strategy makes it significant for taxpayers and businesses alike.

Potential points of contention

  • Tax incentive costs: Economic development bills often include tax breaks or subsidies that reduce state revenue; scrutiny typically focuses on return-on-investment and whether incentives actually drive job creation
  • Equity and geographic distribution: Questions may arise about which regions or industries benefit most from development efforts and whether rural or disadvantaged areas receive proportional support
  • Fiscal sustainability: Lawmakers may debate whether development incentives strain the state budget or create long-term fiscal obligations that limit flexibility for other priorities

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

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