Illinois General Assembly - Bill Status for SB2557
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 Bill Status of SB2557  102nd General Assembly


Short Description:  DCEO-GOOD CORPORATE CITIZEN

Senate Sponsors
Sen. Don Harmon

Last Action
DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 605/605-1055 new


Synopsis As Introduced
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity may require a business organization to agree to certain terms that ensure the business is a good corporate citizen as a condition for receiving development assistance. Provides that a business that cannot truthfully agree to any required terms shall be ineligible for the development assistance. Specifies terms that may be required. Provides that compliance with good corporate citizen eligibility is required throughout a development assistance agreement. Provides that the Department may seek revocation of any credits or exemptions that were earned or used during a time when the business or its corporate parent or affiliate was not in compliance with any applicable requirements. Provides for the adoption of rules. Defines terms.

Actions 
DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Melinda Bush
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  3/23/2021SenateAssigned to State Government
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments
  12/31/2022SenateChief Sponsor Changed to Sen. Don Harmon
  1/10/2023SenateSession Sine Die

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