SPRINGFIELD, Ill. – Big businesses that ship local jobs overseas will be required to pay back every dime they’ve received from Illinois taxpayers and barred from receiving any future taxpayer-funded deals under a measure passed by state Rep. Linda Chapa LaVia, D-Aurora.
“There are too many people who are unemployed in our state,” said Chapa LaVia. “It is our responsibility to encourage Illinois employers to hire Illinoisans.”
Chapa LaVia sponsored the Keep Illinois Business Act, House Bill 3538, which would disqualify any business that has moved all or part of its business out of state from qualifying for any form of state credits, incentives and loans funded by Illinois taxpayers. The legislation would also require these businesses to pay back any monetary assistance previously received if they move jobs out of the state.
The measure is a key element of Chapa LaVia’s economic reform agenda, which will create and protect Illinois jobs while also lifting up the middle class. In addition to cracking down on corporate outsourcers, Chapa LaVia is fighting to reinstate tax credits for Illinois businesses that create jobs locally. Chapa LaVia’s reforms also help working families keep more of their hard-earned money by expanding the Earned Income Tax Credit.
“The middle-class in our state has been hurt by the governor’s attack on them,” said Chapa LaVia. “This measure will ensure that businesses in our state are helping our local economy, and not furthering corporate interests.”