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Bill > HB873


PA HB873

PA HB873
Authorizing the Commonwealth of Pennsylvania to join the Phase Out Corporate Giveaways Interstate Compact; providing for the form of the compact; and imposing additional powers and duties on the Governor.


summary

Introduced
03/15/2021
In Committee
03/15/2021
Crossed Over
Passed
Dead
11/30/2022

Introduced Session

2021-2022 Regular Session

Bill Summary

An Act authorizing the Commonwealth of Pennsylvania to join the Phase Out Corporate Giveaways Interstate Compact; providing for the form of the compact; and imposing additional powers and duties on the Governor.

AI Summary

This bill authorizes the Commonwealth of Pennsylvania to join the Phase Out Corporate Giveaways Interstate Compact, which prohibits member states from offering company-specific tax incentives or grants to entities in other member states as an inducement to relocate. The bill also establishes the Phase Out Corporate Giveaways Board, which is tasked with publishing suggested revisions to the compact each year to continue phasing out corporate giveaways. The bill provides details on the compact's membership, definitions, exclusions, withdrawal, enforcement, and construction. The compact will become effective once the Governor executes it and it is ratified by one or more other states or the District of Columbia.

Committee Categories

Business and Industry

Sponsors (12)

Last Action

Referred to COMMERCE (on 03/15/2021)

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