SB0203 - Company-Specific Subsidy Interstate Compact Act

• Creates an interstate compact allowing any state and the District of Columbia to agree not to offer company-specific subsidies to companies locating in or considering relocating to their states, including for corporate headquarters, manufacturing facilities, office space, or real estate developments.

• Establishes the Interstate Company-Specific Subsidy Board upon the second state entering the compact, with each member state appointing 5 representatives (one from the governor's office and four from legislative leaders).

• Excludes existing company-specific subsidies from the agreement unless their terms are changed, renewed, or reenacted, which would then be considered new subsidies and prohibited.

• Exempts workforce development grants that train employees from the compact restrictions.

• Allows any member state to withdraw from the agreement with 6 months' written notice to other member states.