IL HB3538 | 2017-2018 | 100th General Assembly
Discussing IL HB3538 | 2017-2018 | 100th General Assembly
Bill Title: 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.
Spectrum: Partisan Bill (Democrat 39-0)
Status: (Passed) 2018-12-10 - Public Act . . . . . . . . . 100-1148 [HB3538 Detail]
Text: Latest bill text (Chaptered) [HTML]
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Creates the Keep Illinois Business Act. Any recipient business that chooses to move all or part of its business operations out-of-State shall be deemed to no longer qualify for State economic development assistance. Recipient business shall be required to pay to the relevant State granting agency the full amount of any economic development assistance it received.