On March 24, 2025, Maryland lawmakers introduced House Bill 350, a comprehensive budget bill aimed at addressing various financial allocations within the state, particularly concerning the Maryland Lottery and Gaming Control Agency. The bill outlines significant appropriations and adjustments to funding across multiple sectors, with a total appropriation of approximately $197 million.

Key provisions of House Bill 350 include a general fund appropriation of $122.8 million and a special fund appropriation of $74.2 million. Notably, the bill proposes a reduction of $7.2 million in tax credit payments contingent upon the enactment of legislation that would freeze participation in the Enterprise Zone Tax Credit Program for new properties starting July 1, 2025. This provision has sparked discussions among lawmakers regarding its potential impact on economic development and property investment in designated zones.

The bill also allocates funds for major information technology development projects, with a special fund appropriation of $13.6 million, and includes provisions for video lottery terminal and gaming operations, which receive a combined total of approximately $23.5 million. Additionally, the bill addresses sports wagering and fantasy gaming, with a general fund appropriation of over $4 million.

Debates surrounding House Bill 350 have focused on the implications of freezing the Enterprise Zone Tax Credit Program, with proponents arguing it could streamline budget allocations and opponents expressing concerns about its potential to deter new investments in economically distressed areas.

Experts suggest that the bill's passage could have significant economic implications, particularly in how it affects local businesses and job creation in enterprise zones. As discussions continue, lawmakers are expected to deliberate on amendments and potential adjustments to the bill before it moves forward in the legislative process.

In conclusion, House Bill 350 represents a critical step in Maryland's budgetary planning, with its provisions likely to influence various sectors, including technology, gaming, and economic development. The ongoing debates will shape the final form of the bill as it progresses through the legislative agenda.