<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 2502         </title>
<shortdesc>CORPORATE GIVEAWAYS COMPACT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Ram Villivalam-Cristina Castro, Ann Gillespie, Omar Aquino, Laura Fine, Celina Villanueva, Robert F. Martwick, Jim Oberweis and Laura M. Murphy</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><SynopsisText>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.</SynopsisText></synopsis>
<actions>
<statusdate>1/28/2020</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Ram Villivalam</action>
<statusdate>1/28/2020</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/28/2020</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>1/29/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Cristina Castro</action>
<statusdate>2/4/2020</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>2/5/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Ann Gillespie</action>
<statusdate>2/5/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Omar Aquino</action>
<statusdate>2/5/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Laura Fine</action>
<statusdate>2/5/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Celina Villanueva</action>
<statusdate>2/5/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Robert F. Martwick</action>
<statusdate>2/7/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Jim Oberweis</action>
<statusdate>2/21/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Laura M. Murphy</action>
<statusdate>2/26/2020</statusdate><chamber>Senate</chamber><action>To Subcommittee on Special Issues (RE)</action>
<statusdate>3/18/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 2, 2020</action>
<statusdate>3/25/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 24, 2020</action>
<statusdate>3/25/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading/Passage Deadline Established As May 7, 2020</action>
<statusdate>4/12/2020</statusdate><chamber>Senate</chamber><action>Pursuant to Senate Rule 3-9(b) / Referred to Assignments</action>
<statusdate>4/16/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 30, 2020</action>
<statusdate>4/23/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 7, 2020</action>
<statusdate>4/23/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading/Passage Deadline Established As May 15, 2020</action>
<statusdate>4/30/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 15, 2020</action>
<statusdate>4/30/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading/Passage Deadline Established As May 22, 2020</action>
<statusdate>5/7/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 22, 2020</action>
<statusdate>5/7/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading/Passage Deadline Established As May 29, 2020</action>
<statusdate>5/15/2020</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020</action>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

