Hawaii SB54 proposes an Interstate Compact to phase out corporate welfare by prohibiting company-specific subsidies and establishing a national board.
Hawaii SB54 introduces the Interstate Compact to Phase Out Corporate Welfare Act, aiming to eliminate corporate welfare by prohibiting company-specific subsidies and tax incentives. The compact allows states and the District of Columbia to join, with a focus on preventing funds from being offered to companies with facilities in other member states. It excludes workforce development grants and is not retroactive. A national board of states will draft revisions to the compact, convene annually, and publish suggested improvements.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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