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<xml>
<title>Illinois General Assembly - Bill Status for HB 145          </title>
<shortdesc>CORPORATE GIVEAWAYS COMPACT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Bob Morgan, Stephanie A. Kifowit and Lindsey LaPointe</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>House</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>1/14/2021</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Bob Morgan</action>
<statusdate>1/14/2021</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/14/2021</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/16/2021</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Stephanie A. Kifowit</action>
<statusdate>2/23/2021</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/4/2021</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/27/2021</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>4/1/2021</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Lindsey LaPointe</action>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

