Rep. Stephanie A. Kifowit
Filed: 5/9/2017
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1 | AMENDMENT TO SENATE BILL 1462
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2 | AMENDMENT NO. ______. Amend Senate Bill 1462 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The Department of Commerce and Economic | ||||||
5 | Opportunity Law of the
Civil Administrative Code of Illinois is | ||||||
6 | amended by adding Section 605-1020 as follows: | ||||||
7 | (20 ILCS 605/605-1020 new) | ||||||
8 | Sec. 605-1020. Entrepreneur Learner's Permit pilot | ||||||
9 | program. | ||||||
10 | (a) Subject to appropriation, there is hereby established | ||||||
11 | an Entrepreneur Learner's Permit pilot program that shall be | ||||||
12 | administered by the Department beginning on July 1 of the first | ||||||
13 | fiscal year for which an appropriation of State moneys is made | ||||||
14 | for that purpose and continuing for the next 2 immediately | ||||||
15 | succeeding fiscal years; however, the Department is not | ||||||
16 | required to administer the program in any fiscal year for which |
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1 | such an appropriation has not been made. The purpose of the | ||||||
2 | program shall be to encourage and assist beginning | ||||||
3 | entrepreneurs in starting new information services, | ||||||
4 | biotechnology, and green technology businesses by providing | ||||||
5 | reimbursements to those entrepreneurs for any State filing, | ||||||
6 | permitting, or licensing fees associated with the formation of | ||||||
7 | such a business in the State. | ||||||
8 | (b) Applicants for participation in the Entrepreneur | ||||||
9 | Learner's Permit pilot program shall apply to the Department, | ||||||
10 | in a form and manner prescribed by the Department, prior to the | ||||||
11 | formation of the business for which the entrepreneur seeks | ||||||
12 | reimbursement of those fees. The Department shall adopt rules | ||||||
13 | for the review and approval of applications, provided that it | ||||||
14 | (1) shall give priority to applicants who are female or | ||||||
15 | minority persons, or both, and (2) shall not approve any | ||||||
16 | application by a person who will not be a beginning | ||||||
17 | entrepreneur. Reimbursements under this Section shall be | ||||||
18 | provided in the manner determined by the Department. In no | ||||||
19 | event shall an applicant apply for participation in the program | ||||||
20 | more than 3 times. | ||||||
21 | (c) The aggregate amount of all reimbursements provided by | ||||||
22 | the Department pursuant to this Section shall not exceed | ||||||
23 | $500,000 in any State fiscal year. | ||||||
24 | (d) On or before February 1 of the last calendar year | ||||||
25 | during which the pilot program is in effect, the Department | ||||||
26 | shall submit a report to the Governor and the General Assembly |
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1 | on the cumulative effectiveness of the Entrepreneur Learner's | ||||||
2 | Permit pilot program. The review shall include, but not be | ||||||
3 | limited to, the number and type of businesses that were formed | ||||||
4 | in connection with the pilot program, the current status of | ||||||
5 | each business formed in connection with the pilot program, the | ||||||
6 | number of employees employed by each such business, the | ||||||
7 | economic impact to the State from the pilot program, the | ||||||
8 | satisfaction of participants in the pilot program, and a | ||||||
9 | recommendation as to whether the program should be continued. | ||||||
10 | (e) As used in this Section: | ||||||
11 | "Beginning entrepreneur" means an individual who, at | ||||||
12 | the time he or she applies for participation in the | ||||||
13 | program, has less than 5 years of experience as a business | ||||||
14 | owner and is not a current business owner. | ||||||
15 | "Female" and "minority person" have the meanings given | ||||||
16 | to those terms in the Business Enterprise for Minorities, | ||||||
17 | Females, and Persons with Disabilities Act.
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18 | Section 99. Effective date. This Act takes effect July 1, | ||||||
19 | 2017.".
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