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IL HB4692

Bill

Official Source

Status

Failed

1/7/2025

Primary Sponsor

Tim Ozinga

Click for details

Origin

House of Representatives

103rd General Assembly

AI Summary

  • Creates the Reducing Barriers to Start Act to reduce startup costs for new businesses in Illinois
  • Effective January 1, 2025, the State shall encourage elimination of all first-year business fees related to licenses or registrations for new businesses
  • Applies to any new business or person establishing a new business with its principal place of business in Illinois, including home-based businesses

Legislative Description

REDUCING BARRIERS TO START ACT

Last Action

Session Sine Die

1/7/2025

Committee Referrals

Rules4/5/2024
Revenue: Income Tax3/8/2024
Revenue & Finance3/5/2024
Rules2/6/2024

Full Bill Text

No bill text available