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90_HB0148
New Act
Creates the Local Government Tax Incentive Prohibition
Act to prohibit units of local government from using public
funds or offering or granting tax incentives or benefits to
existing businesses in Illinois in an attempt to encourage or
persuade the business to relocate to another site in
Illinois.
LRB9000503KRkb
LRB9000503KRkb
1 AN ACT in relation to tax incentives granted by local
2 governments.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 1. This Act may be cited as the Local Government
6 Tax Incentive Prohibition Act.
7 Section 5. Tax incentives prohibited. A unit of local
8 government shall not use any public funds or offer or grant
9 any tax incentives or benefits, including , but not limited
10 to, real estate tax abatements, tax increment financing, and
11 enterprise zones in an attempt to encourage or persuade a
12 business currently located in Illinois to relocate to another
13 site in Illinois. This Act does not apply to attempts to
14 encourage or persuade an existing business in Illinois to
15 expand existing facilities or open new or additional
16 facilities in Illinois.