CORPORATE GIVEAWAYS COMPACT Senate SponsorsSen. Ram Villivalam 1/7/2025SenateSession Sine Die New ActCreates 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. 2/6/2023SenateFiled with Secretary by Sen. Ram Villivalam 2/6/2023SenateFirst Reading 2/6/2023SenateReferred to Assignments 2/14/2023SenateAssigned to Executive 2/23/2023SenateTo Subcommittee on Government Operations 3/10/2023SenateRule 3-9(a) / Re-referred to Assignments 1/7/2025SenateSession Sine Die