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IL HB4680

IL HB4680
LOCAL BUSINESS ANTI-POACHING


summary

Introduced
02/06/2020
In Committee
06/23/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

101st General Assembly

Bill Summary

Creates the Local Government Business Anti-Poaching Act. Provides that no municipality or county shall offer any incentive after the effective date of the Act to a business or corporation to move its headquarters located in Illinois, or any part of its business located in Illinois, farther than 10 miles away from the current location at the time of the offering of the incentive. Defines "incentive". Limits home rule powers. Effective immediately.

AI Summary

This bill, known as the Local Government Business Anti-Poaching Act, prohibits municipalities and counties from offering any incentives to businesses or corporations to move their headquarters or operations located in Illinois more than 10 miles away from their current location. It defines "incentive" broadly to include various economic and financial benefits. The bill also limits home rule powers, stating that the regulation of such incentives is an exclusive power of the state, and this Act denies and limits home rule powers. The bill takes effect immediately upon becoming law.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Rule 19(b) / Re-referred to Rules Committee (on 06/23/2020)

bill text


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