IL HR0146

Urges the federal government to enact a system limiting and regulating the types of financial incentives states and local governments can offer to corporations to relocate or expand operations.

Cites examples of large incentive packages including Nevada's $1.3 billion offer to an electric automobile company, Illinois and Chicago's $2 billion offer to a major corporation, and Washington's $8.7 billion offer to an airline manufacturer.

Notes that communities often fail to recoup the costs of corporate incentives even years after a corporation relocates, and corporations frequently seek additional taxpayer resources while threatening to relocate again.

Argues that taxpayer money currently used for corporate incentives would be more wisely invested in infrastructure, K-12 and higher education, and workforce training programs.

Directs copies of the resolution to be sent to the Governor of Illinois, President of the United States, Secretary of Commerce, and the Illinois Congressional Delegation.