Loading chat...
FL H0473
Bill
Status
Failed
5/5/2023
Primary Sponsor
Anna Eskamani
Click for details
AI Summary
- Creates an interstate "Agreement for Best Practices in Economic Development" that Florida would enter into with other joining states, prohibiting member states from offering company-specific tax incentives or grants to lure companies already located in other member states ("anti-poaching" prohibition)
- Establishes a National Board for Best Practices in Economic Development, with each member state's governor appointing 3 members, tasked with publishing best practices resources, suggesting annual revisions to the agreement, and collecting testimony on economic development improvements
- Exempts workforce development grants, company-specific incentives from local agencies, and state incentives directed at companies for facilities within that same state from the anti-poaching prohibition
- Requires all local agency economic development agreements in member states to be subject to public records laws, and prohibits local agencies from entering into company-specific incentive deals with companies that are exempt from those public records laws
- Takes effect only upon adoption of the agreement by two or more states, and allows member states to withdraw with 6 months' written notice to all other member states' chief executives
Legislative Description
Agreement for Best Practices in Economic Development
Last Action
Died in Regulatory Reform & Economic Development Subcommittee
5/5/2023
Committee Referrals
Regulatory Reform & Economic Development Subcommittee2/1/2023
Full Bill Text
No bill text available