summary
Introduced
02/10/2017
02/10/2017
In Committee
04/25/2017
04/25/2017
Crossed Over
04/24/2017
04/24/2017
Passed
11/29/2018
11/29/2018
Dead
Signed/Enacted/Adopted
12/10/2018
12/10/2018
Introduced Session
100th General Assembly
Bill Summary
Creates the Keep Illinois Business Act. Provides that any recipient business that chooses to move all or part of its business operations and the jobs created by its business out-of-State shall be deemed to no longer qualify for State economic development assistance, and shall be required to pay to the relevant State granting agency the full amount of any economic development assistance it received. Provides for procedures for the recovery of economic development assistance, including required notice to the recipient business and an opportunity for a hearing. Defines terms.
AI Summary
This bill creates the Keep Illinois Business Act. The key provisions are:
- Any recipient business that chooses to move all or part of its business operations and the jobs created by its business out-of-State shall no longer qualify for State economic development assistance and shall be required to pay back the full amount of any economic development assistance it received.
- The bill establishes procedures for the recovery of economic development assistance, including required notice to the recipient business and an opportunity for a hearing.
- The bill defines key terms.
The purpose of this bill is to discourage businesses that have received State economic development assistance from moving their operations and jobs out of Illinois. It seeks to hold these businesses accountable by requiring them to repay the assistance if they choose to relocate out-of-state.
Committee Categories
Budget and Finance
Sponsors (39)
Barbara Currie (D)*,
Dave Koehler (D)*,
Carol Ammons (D),
Jaime Andrade (D),
Omar Aquino (D),
Daniel Beiser (D),
Jennifer Bertino-Tarrant (D),
Daniel Burke (D),
Linda Chapa LaVia (D),
Deborah Conroy (D),
Melissa Conyears-Ervin (D),
Jerry Costello (D),
Thomas Cullerton (D),
John D'Amico (D),
Marcus Evans (D),
Mary Flowers (D),
LaToya Greenwood (D),
Greg Harris (D),
Napoleon Harris (D),
Jay Hoffman (D),
Thaddeus Jones (D),
Stephanie Kifowit (D),
Camille Lilly (D),
Theresa Mah (D),
Natalie Manley (D),
Marty Moylan (D),
Laura Murphy (D),
Michelle Mussman (D),
Brandon Phelps (D),
Sue Scherer (D),
Carol Sente (D),
Elgie Sims (D),
Steve Stadelman (D),
Katie Stuart (D),
Silvana Tabares (D),
André Thapedi (D),
Larry Walsh (D),
Kathleen Willis (D),
Sam Yingling (D),
Last Action
Public Act . . . . . . . . . 100-1148 (on 12/10/2018)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...