Illinois Senate Bill 1375 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

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.

CORPORATE GIVEAWAYS COMPACT

Sen. Ram Villivalam [D]

Date	Chamber	Action
2025-01-07	Senate	Session Sine Die
2023-03-10	Senate	Rule 3-9(a) / Re-referred to Assignments
2023-02-23	Senate	To Subcommittee on Government Operations
2023-02-14	Senate	Assigned to Executive
2023-02-06	Senate	Referred to Assignments
2023-02-06	Senate	First Reading
2023-02-06	Senate	Filed with Secretary by Sen. Ram Villivalam

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1375&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB1375.htm