Legislation - SB0388

Title: Economic Development - Delivering Economic Competitiveness and Advancing Development Efforts (DECADE) Act
Sponsored by: The President (By Request - Administration) and Senators Augustine, Beidle, Brooks, Charles, Harris, Hettleman, King, Lam, and Love
Status: In the Senate - Hearing 2/18 at 1:00 p.m. (Budget and Taxation)
Analysis: Fiscal and Policy Note

Synopsis

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 Fund may be utilized; 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; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media; Finance

Details

Cross-filed with: HB0898

Introduced in a prior session as: SB0427 Session: 2025 Regular Session

Bill File Type: Regular

Effective Date(s): June 1, 2026, July 1, 2026

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 1/27/2026 Legislative Date 1/27/2026 Action First Reading Budget and Taxation and Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Economic Development - Delivering Economic Competitiveness and Advancing Development Efforts (DECADE) Act Proceedings
Chamber Senate Calendar Date 1/28/2026 Legislative Date 1/28/2026 Action Hearing 2/04 at 1:00 p.m. (Budget and Taxation) Proceedings
Chamber Senate Calendar Date 1/28/2026 Legislative Date 1/28/2026 Action Hearing canceled (Budget and Taxation) Proceedings
Chamber Senate Calendar Date 1/28/2026 Legislative Date 1/28/2026 Action Hearing 2/11 at 1:00 p.m. (Budget and Taxation) Proceedings
Chamber Senate Calendar Date 1/28/2026 Legislative Date 1/28/2026 Action Hearing canceled (Budget and Taxation) Proceedings
Chamber Senate Calendar Date 1/30/2026 Legislative Date 1/30/2026 Action Hearing 2/18 at 1:00 p.m. (Budget and Taxation) Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/27/2026	1/27/2026	First Reading Budget and Taxation and Finance
			Text - First - Economic Development - Delivering Economic Competitiveness and Advancing Development Efforts (DECADE) Act
Senate	1/28/2026	1/28/2026	Hearing 2/04 at 1:00 p.m. (Budget and Taxation)
Senate	1/28/2026	1/28/2026	Hearing canceled (Budget and Taxation)
Senate	1/28/2026	1/28/2026	Hearing 2/11 at 1:00 p.m. (Budget and Taxation)
Senate	1/28/2026	1/28/2026	Hearing canceled (Budget and Taxation)
Senate	1/30/2026	1/30/2026	Hearing 2/18 at 1:00 p.m. (Budget and Taxation)

File Code

Subjects

Statutes