SB 203 Illinois Senate · 101st Regular Session

COMPANY-SPECIFIC SUBSIDIES

Summary
Creates the Company-Specific Subsidy 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 to not offer company-specific subsidies for companies currently located in or considering locating in the member state, including, but not limited to, for corporate headquarters, manufacturing facilities, office space, or other real estate developments. Excludes existing company-specific subsidies (until terms change, are renewed, or are reenacted) and workforce from abolition under the compact. Creates the Interstate Company-Specific Subsidy Board upon the second member state entering into the compact. Provides for withdrawal of a member state with 6-months' written notice. Defines terms.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2019
Committee Review
Floor Vote
Governor
Introduced Jan 31, 2019 Last action Dec 1, 2020
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
11
Key actions
0
Committee
3
Mar 22, 2019
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Feb 6, 2019
Committee
Assigned to Revenue
upper
Jan 31, 2019
Committee
Referred to Assignments
upper
0 primary · 2 co-sponsors

Sponsors

No sponsor information available.