Establishes a compact agreement among states to prohibit selective subsidies to specific industries or companies.

This bill establishes a compact agreement among at least two states to prohibit the use of subsidies to entice relocation of specific industries or companies from one state to another. The compact aims to prevent states from offering selective economic benefits to specific industries or companies, such as direct grants, tax considerations, or favorable bonding status. The compact administrator, typically the governor or their designee, is responsible for maintaining a list of member states and exchanging necessary information.

Establishes a compact agreement among states to prohibit selective subsidies to specific industries or companies.

This bill establishes a compact agreement among at least two states to prohibit the use of subsidies to entice relocation of specific industries or companies from one state to another. The compact aims to prevent states from offering selective economic benefits to specific industries or companies, such as direct grants, tax considerations, or favorable bonding status. The compact administrator, typically the governor or their designee, is responsible for maintaining a list of member states and exchanging necessary information.