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IL SB2281

Bill

Status

Passed

8/10/2018

Primary Sponsor

Dale Righter

Click for details

Origin

Senate

100th General Assembly

AI Summary

  • 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.

  • Provides reimbursements to beginning entrepreneurs for State filing, permitting, and licensing fees associated with forming new businesses in Illinois.

  • 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.

  • Limits aggregate annual reimbursements to $500,000 per State fiscal year.

  • 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

Committee Referrals

Economic Opportunity4/26/2018
Rules4/13/2018
Commerce and Economic Development1/24/2018
Assignments1/10/2018

Full Bill Text

No bill text available