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2020 House Bill 5461: Authorize “corporate welfare” benefit reductions
Introduced by Rep. Lynn Afendoulis (R) on February 4, 2020
To require that if any modifications are made to the terms and conditions attached to state grants, loans, cash subsidies, tax credits or other benefits selectively given to certain companies have the effect of reducing the number of new (or “retained”) jobs promised by the company, then then benefits must be reduced in the same proportion. This is part of a corporate welfare reform package consisting of Senate Bills 767 to 771 and House Bills 5458 to 5462.   Official Text and Analysis.
Referred to the House Tax Policy Committee on February 4, 2020