DE HB288

Establishes an Interstate Compact Prohibiting Company-Specific Subsidies to prevent states from offering company-specific tax incentives, grants, or other subsidies to entities located in or relocating to other member states.

Defines "company-specific subsidy" as tax incentives or grants offered to a specific company that are unavailable to similarly-situated companies, excluding workforce development training grants.

Creates a Board of Compact Administrators composed of one representative from each member state, with authority to administer the compact, hold annual meetings, adopt bylaws, and enforce compliance through potential termination of violating states.

Prohibits retroactive application; existing company-specific subsidies remain valid, but states may withdraw with 90 days' notice or be terminated by the board for willful violations.

Takes effect upon adoption of the compact by two or more member states and notice by the Division of Professional Regulation to the Registrar of Regulations.