RELATING TO AN INTERSTATE COMPACT TO PHASE OUT CORPORATE WELFARE.

SB 54 adopts an Interstate Compact aimed at phasing out corporate welfare programs across participating states. It directly affects businesses receiving state subsidies or tax incentives by establishing a coordinated process to eliminate these programs. The bill creates a framework for states to collaborate on ending corporate welfare, though specific implementation details are not outlined in the provided abstract. As a procedural bill, it is currently pending introduction (January 8, 2025).