Illinois General Assembly - Bill Status for SB2502
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 Bill Status of SB2502  101st General Assembly


Short Description:  CORPORATE GIVEAWAYS COMPACT

Senate Sponsors
Sen. Ram Villivalam - Cristina Castro, Ann Gillespie, Omar Aquino, Laura Fine, Celina Villanueva, Robert F. Martwick, Jim Oberweis and Laura M. Murphy

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
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.

Actions 
DateChamber Action
  1/28/2020SenateFiled with Secretary by Sen. Ram Villivalam
  1/28/2020SenateFirst Reading
  1/28/2020SenateReferred to Assignments
  1/29/2020SenateAdded as Chief Co-Sponsor Sen. Cristina Castro
  2/4/2020SenateAssigned to Revenue
  2/5/2020SenateAdded as Co-Sponsor Sen. Ann Gillespie
  2/5/2020SenateAdded as Co-Sponsor Sen. Omar Aquino
  2/5/2020SenateAdded as Co-Sponsor Sen. Laura Fine
  2/5/2020SenateAdded as Co-Sponsor Sen. Celina Villanueva
  2/5/2020SenateAdded as Co-Sponsor Sen. Robert F. Martwick
  2/7/2020SenateAdded as Co-Sponsor Sen. Jim Oberweis
  2/21/2020SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  2/26/2020SenateTo Subcommittee on Special Issues (RE)
  3/18/2020SenateRule 2-10 Committee Deadline Established As April 2, 2020
  3/25/2020SenateRule 2-10 Committee Deadline Established As April 24, 2020
  3/25/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 7, 2020
  4/12/2020SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  4/16/2020SenateRule 2-10 Committee Deadline Established As April 30, 2020
  4/23/2020SenateRule 2-10 Committee Deadline Established As May 7, 2020
  4/23/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 15, 2020
  4/30/2020SenateRule 2-10 Committee Deadline Established As May 15, 2020
  4/30/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 22, 2020
  5/7/2020SenateRule 2-10 Committee Deadline Established As May 22, 2020
  5/7/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 29, 2020
  5/15/2020SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020
  1/13/2021SenateSession Sine Die

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