CT HB05460

Establishes an interstate compact allowing any U.S. state and the District of Columbia to join an agreement to eliminate corporate giveaways through company-specific tax incentives and grants used to attract business relocations.

Prohibits member states from offering company-specific tax incentives or grants to entities relocating facilities from other member states, while excluding workforce development grants and local government incentives from the prohibition.

Creates a national board composed of one gubernatorial appointee from each member state to publish suggested revisions to the compact annually in December and collect testimony from interested parties on strengthening the agreement.

Allows member states to withdraw with six months' written notice and grants enforcement authority to state chief executives and standing in court to state taxpayers to ensure compliance.

Compact takes effect upon adoption by two or more states, with the Connecticut Secretary of the Office of Policy and Management required to certify when this threshold is met.