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IL HB1839
Bill
Status
4/22/2021
Primary Sponsor
Margaret Croke
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AI Summary
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Amends the Department of Commerce and Economic Opportunity Law to add Section 605-1055 establishing "good corporate citizen" requirements for businesses receiving development assistance (tax credits and exemptions).
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Requires businesses and their corporate parents or affiliates to meet four key conditions: no criminal charges within 5 years prior to or during the assistance agreement; no fraud or health/safety-related judicial or administrative proceedings; no delinquent state taxes or appearance on stop payment/debarred parties lists; and compliance with Illinois Human Rights Act, Prevailing Wage Act, Wage Payment and Collection Act, Consumer Fraud Act, Right to Privacy in the Workplace Act, and federal National Labor Relations Act.
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Permits the Department to suspend development assistance for noncompliance and seek revocation of credits or exemptions earned during periods of non-compliance; businesses may receive suspended-status certificates that cannot be claimed unless proceedings conclude without findings of wrongdoing or liability and settlement payments do not exceed $5,000,000.
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Authorizes the Department to adopt administrative rules establishing additional programmatic terms, consequences for noncompliance, and exceptions to good corporate citizen requirements if application would cause imminent and demonstrable hardship to Illinois residents or the business's workforce.
Legislative Description
DCEO-GOOD CORPORATE CITIZEN
Last Action
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
11/28/2021