2014 Senate Bill 1005

Require “clawbacks” in selective tax break and subsidy deals

Introduced in the Senate

June 12, 2014

Introduced by Sen. Jim Ananich (D-27)

To require selective state business tax break and corporate subsidy agreements to include a “clawback” provision, which requires a company to pay back the tax breaks or cash subsidies if it leaves the state during the period of the agreement.

Referred to the Committee on Finance