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IL SB2281
Bill
AI Summary
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Establishes an Entrepreneur Learner's Permit pilot program administered by the Department of Commerce and Economic Opportunity for 3 fiscal years, subject to appropriation of State funds.
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Provides reimbursements to beginning entrepreneurs for State filing, permitting, and licensing fees associated with forming new businesses in Illinois.
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Applicants must apply within one year after business formation and may apply no more than 3 times; Department must prioritize applications from female and minority persons.
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Limits aggregate annual reimbursements to $500,000 per State fiscal year.
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Requires Department to submit a report by February 1 of the final program year to Governor and General Assembly evaluating program effectiveness, business formation, employment, economic impact, and recommending whether to continue the program.
Legislative Description
DCEO-ENTREPRENEUR PERMIT
Last Action
Public Act . . . . . . . . . 100-0785
8/10/2018