Maryland legislation · 2026 Regular Session
Maryland SB388: Economic Development - Delivering Economic Competitiveness and Advancing Development Efforts (DECADE) Act
Status: Signed into law, May 12, 2026
Altering the designation, administration, and purposes of and eligibility for certain economic development programs; altering the distribution of certain video lottery terminal proceeds; providing for certain requirements relating to the Small, Minority, and Women-Owned Businesses Account; providing that the sales and use tax does not apply to the sale of certain information technology services, digital codes, and digital products; requiring the Comptroller and Department of Commerce to evaluate the film production activity credit; etc.
What the bill says
An act concerning Economic Development - Delivering Economic Competitiveness and Advancing Development Efforts (DECADE) Act FOR the purpose of 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 Strategic Closing Fund may be utilized; altering the distribution of certain video lottery terminal proceeds…
From the enrolled text, May 18, 2026:
AN ACT concerning Economic Development - Delivering Economic Competitiveness and Advancing Development Efforts (DECADE) Act FOR the purpose of 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 Strategic Closing Fund may be utilized; altering the distribution of certain video lottery terminal proceeds; altering the distribution of certain video lottery terminal proceeds; providing for certain requirements relating to the administration of the Small, Minority, and Women-Owned Businesses Account; providing that the sales and use tax does not apply to the sale of certain information technology services and certain digital codes and digital products under certain circumstances; 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; altering eligibility for and the calculation of certain tax credits; establishing the purpose of the film production activity tax credit; allowing a qualified investor that is a pass-through entity that pays a certain income tax on behalf of its members to receive and allocate in any manner a credit or refund of a credit under the Biotechnology Investment Incentive Tax Credit; authorizing a qualified …