Illinois General Assembly - Bill Status for HB1188
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 Bill Status of HB1188  103rd General Assembly


Short Description:  CORPORATE GIVEAWAYS COMPACT

House Sponsors
Rep. Bob Morgan

Last Action
DateChamber Action
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee

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
  1/17/2023HouseFiled with the Clerk by Rep. Bob Morgan
  1/31/2023HouseFirst Reading
  1/31/2023HouseReferred to Rules Committee
  2/15/2023HouseAssigned to Revenue & Finance Committee
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee

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