IL SB3711

Amends the Corporate Accountability for Tax Expenditures Act to require the Department to publish on its website the identity of each recipient from whom amounts were recaptured, the recaptured amount, and the identity of each recipient receiving a waiver under recapture provisions.

Requires development assistance agreements to contain recapture provisions that obligate recipients to make specified capital investments, create or retain requisite jobs at specified wages, and maintain operations for required time periods.

If a recipient fails to create or retain requisite jobs, they lose eligibility for state economic assistance and applicable recapture provisions take effect, including repayment of grants or tax credits, depending on the type of assistance received.

Allows the Director to waive enforcement of recapture provisions upon finding that waiver is necessary to prevent imminent hardship that could cause recipient insolvency or worker discharge, but requires contractual modification including modified recapture provisions.

Requires annual reporting on recapture provisions' outcomes and effectiveness by program, including number of companies receiving assistance, violation counts, completed and initiated recapture efforts, and waivers granted.