IL SB1462

Establishes an Entrepreneur Learner's Permit pilot program administered by the Department of Commerce and Economic Opportunity, running for 3 fiscal years upon appropriation beginning July 1.

Provides reimbursements to beginning entrepreneurs for state filing, permitting, and licensing fees associated with forming information services, biotechnology, and green technology businesses.

Requires applicants to apply before business formation and gives priority to female and minority entrepreneurs; limits each applicant to 3 program applications maximum.

Caps total reimbursements at $500,000 per state fiscal year.

Requires the Department to report by February 1 of the final program year to the Governor and General Assembly on business formation outcomes, employment numbers, economic impact, participant satisfaction, and program continuation recommendations.