House Bill 288

150th General Assembly (Present)

Bill Progress

House Economic Development/Banking/Insurance & Commerce 1/28/20
Committee Hearing takes place within twelve legislative days.

Bill Details

1/28/20
Sen. Paradee
Rep. Kowalko
Sen. Sokola
AN ACT TO AMEND TITLE 29 OF THE DELAWARE CODE RELATING TO AN INTERSTATE COMPACT PROHIBITING COMPANY-SPECIFIC SUBSIDIES.
This Act, the Interstate Compact Prohibiting Company-Specific Subsidies (“Compact”), is an interstate compact designed to eliminate and prohibit corporate welfare. This Act provides that no participating state under the Compact (“member state”) may offer or provide company-specific tax incentives, grants, or any other company-specific subsidy to an entity whose headquarters, manufacturing facilities, office space, or other real estate developments are located in any other member state or to incentivize an entity located in any other member state to relocate its headquarters, manufacturing facilities, office space, or other real estate developments to its state. Furthermore, the Act establishes a board of compact administrators to enforce and govern the Compact. Lastly, this Act will become effective upon the adoption of the Compact by two or more member states.
N/A
Not Required
Takes effect upon being signed into law

Bill Text

View HTML View PDF
You may need to disable your browser's pop-up blocker to view linked documents.

Amendments

AmendmentStatusIntroduction DatePrimary SponsorView Details

Committee Reports

DateCommittee# MembersFavorableOn Its MeritsUnfavorable 

Roll Calls

ChamberResultDateVote TypeYesNoNot VotingAbsentPDF

Actions History

DateAction

Legislation Detail Feeds