RELATING TO AN INTERSTATE COMPACT TO PHASE OUT CORPORATE WELFARE.

HB 462 adopts an interstate compact designed to coordinate state efforts across multiple states to eliminate corporate tax breaks and subsidies. The bill does not create new state laws but enables participating states to collectively phase out "corporate welfare" programs - such as targeted tax credits or exemptions for businesses. It directly affects state governments by requiring them to join the compact and align their policies with the agreement's goals. This is a procedural bill focused on interstate cooperation, not direct regulation of corporations.