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Committee advances DECADE Act altering economic development programs and tax credits
Summary
The Economic Matters Committee moved House Bill 898 (the DECADE Act) favorable as amended after Ways and Means counsel George summarized changes to reporting requirements, the strategic closing fund review period, local-signature requirements for MDAF requests, contracting authority for the Small Business Financing Authority and several tax‑credit provisions.
The Economic Matters Committee advanced House Bill 898, known as the DECADE Act, after counsel from Ways and Means summarized extensive amendments that reshape how several state economic development programs and tax credits are administered.
Ways and Means counsel George told the committee the amendments "alter, enhance, and transfer various economic development programs and tax credits," including new reporting requirements and a change to the period the legislative policy committee has to review Department of Commerce information before money from the…
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