IL SB2557

Amends Illinois law to allow the Department of Commerce and Economic Opportunity to require businesses receiving development assistance (tax credits and exemptions) to agree to "good corporate citizen" terms as a condition of eligibility.

Businesses that cannot truthfully agree to required terms are ineligible for assistance, and a business must demonstrate legal compliance and responsibility to its community and workforce.

Required terms may include: no criminal investigations or charges; no fraud-related investigations by state or federal agencies; no delinquent state taxes or appearance on stop payment/debarred parties lists; and compliance with Illinois labor, wage, employment, and consumer protection laws.

Good corporate citizen compliance is required throughout the entire development assistance agreement, and the Department may revoke credits or exemptions earned during periods of non-compliance by the business, its corporate parent, or affiliates.

Department shall adopt rules setting forth programmatic terms, noncompliance consequences, and may provide exceptions to requirements if application would cause imminent and demonstrable hardship to Illinois residents or the business's workforce.