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IL SR1461

Resolution

Official Source

Status

Introduced

1/27/2016

Primary Sponsor

Steve Stadelman

Click for details

Origin

Senate

99th General Assembly

AI Summary

  • Urges Congress to pass legislation ending the use of tax incentives and subsidies by states to attract jobs and companies from other states
  • Argues that a Federal Reserve Bank of Minneapolis study from 20 years prior demonstrated tax incentives and subsidies are wasteful and create a "bidding war" between states
  • Contends public dollars spent on tax incentives would be better allocated to core services such as education and infrastructure
  • Requests the Illinois Congressional Delegation introduce legislation to facilitate ending interstate economic competition based on tax incentives
  • Directs copies be sent to the Speaker of the U.S. House of Representatives, U.S. Senate President, and all members of the Illinois Congressional Delegation

Legislative Description

ECONOMIC WAR BETWEEN STATES

Last Action

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

7/31/2016

Committee Referrals

Assignments7/31/2016
Revenue4/12/2016
Assignments1/27/2016

Full Bill Text

No bill text available