SPRINGFIELD, Ill. –State Rep. Camille Lilly, D-Oak Park, is sponsoring legislation that will require businesses that take tax incentives to stay in Illinois.
“Currently, businesses have the ability to take tax breaks or financial assistance and then relocate out of the state with no accountability,” Lilly said. “As part of my economic agenda, I am actively working to pass legislation that will lift up the middle-class.”
Lilly is sponsoring House Bill 3538, which would create the Keep Illinois Business Act. This would require any business who has received financial assistance from Illinois to repay the money back in its entire amount if they chose to move out of state. The bill also seeks to recover taxpayer dollars when jobs are sent out of Illinois.
“While I believe that we should incentivize business to come and stay in Illinois, they should not receive financial assistance if they are going to send jobs out of the state and overseas,” Lilly said. “This legislation is an attempt to ensure that taxpayer dollars are being spent appropriately.”
Lilly represents the 78th District, which includes parts of Chicago, Oak Park, Elmwood Park, River Grove, Franklin Park, and Melrose Park.
Visit Rep Lilly’s website
270-S Stratton Office Building
Springfield, IL 62706
(217) 558-1054 FAX
6937 W. North Ave.,
Oak Park, IL 60302