<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 2557         </title>
<shortdesc>DCEO-GOOD CORPORATE CITIZEN</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Don Harmon</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>20 ILCS 605/605-1055 new</reference><aliasreference></aliasreference><SynopsisText>Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity may require a business organization to agree to certain terms that ensure the business is a good corporate citizen as a condition for receiving development assistance. Provides that a business that cannot truthfully agree to any required terms shall be ineligible for the development assistance. Specifies terms that may be required. Provides that compliance with good corporate citizen eligibility is required throughout a development assistance agreement. Provides that the Department may seek revocation of any credits or exemptions that were earned or used during a time when the business or its corporate parent or affiliate was not in compliance with any applicable requirements. Provides for the adoption of rules. Defines terms.</SynopsisText></synopsis>
<actions>
<statusdate>2/26/2021</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Melinda Bush</action>
<statusdate>2/26/2021</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/26/2021</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>3/23/2021</statusdate><chamber>Senate</chamber><action>Assigned to State Government</action>
<statusdate>4/16/2021</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>12/31/2022</statusdate><chamber>Senate</chamber><action>Chief Sponsor Changed to Sen. Don Harmon</action>
<statusdate>1/10/2023</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

