Illinois SB1780 prohibits economic incentives for entities from certain countries of concern.
Illinois SB1780 amends the Invest in Illinois Act to bar economic incentives for entities organized under the laws of or having their principal place of business in specific countries of concern. These include the People's Republic of China, the Russian Federation, the Islamic Republic of Iran, the Democratic People's Republic of Korea, the Republic of Cuba, Venezuela, and the Syrian Arab Republic. Additionally, incentives are denied if a government of a country of concern holds a controlling interest in the entity.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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