IL HB0145 | 2021-2022 | 102nd General Assembly

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 14 2021 - 25% progression, died in committee
Action: 2021-04-01 - Added Co-Sponsor Rep. Lindsey LaPointe
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Creates the Phase Out Corporate Giveaways Interstate Compact. Enters into the compact, which may be entered into by any state and the District of Columbia, in which each member state agrees not to offer or provide any company-specific tax incentive or company-specific grant to any entity for a corporate headquarters, manufacturing facility, office space, or other real estate development located in any other member state as an inducement for the corporate headquarters, manufacturing facility, office space, or other real estate development to relocate to the offering member state. Defines terms. Excludes: (1) workforce development grants that train employees; (2) company-specific tax incentives or company-specific grants from local governments; and (3) specified company-specific tax incentives or company-specific grants related to companies already within the member state. Creates the Phase Out Corporate Giveaways Board and provides for membership and meeting requirements. Provides for withdrawal of a member state with a 6-month written notice to each member state's chief executive officer. Contains construction and severability provisions.

Tracking Information

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Title

CORPORATE GIVEAWAYS COMPACT

Sponsors


History

DateChamberAction
2021-04-01HouseAdded Co-Sponsor Rep. Lindsey LaPointe
2021-03-27HouseRule 19(a) / Re-referred to Rules Committee
2021-03-04HouseTo Income Tax Subcommittee
2021-02-23HouseAssigned to Revenue & Finance Committee
2021-02-16HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit
2021-01-14HouseReferred to Rules Committee
2021-01-14HouseFirst Reading
2021-01-14HouseFiled with the Clerk by Rep. Bob Morgan

Illinois State Sources


Bill Comments

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