HF 598: Creating a compact with certain other states to phase out corporate giveaways

What it does

This bill creates a compact with certain other states to phase out corporate giveaways. The bill defines “corporate giveaways” as any company-specific grant or company-specific tax incentive. “Company-specific grant” and “company-specific tax incentive” are also defined in the bill. The bill provides that any state and the District of Columbia may become a member of the compact and that member states must cooperate to phase out corporate giveaways for the reasons outlined in the bill. The bill requires each member state to agree to refrain from offering or providing corporate giveaways to a company currently located in any other member state.

Lobbying · 1 for, 0 against

For: Iowa Chapter of Sierra Club

In plain words

1. February 18, 2021Filed in the House and sent to the State Government committee