103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB4692

 

Introduced 2/6/2024, by Rep. Tim Ozinga

 

SYNOPSIS AS INTRODUCED:
 
New Act

    Creates the Reducing Barriers to Start Act. Beginning January 1, 2025, this State shall encourage the elimination of all first-year business fees relating to any license or registration for any new business or person establishing a new business, including home-based businesses, whose principal place of business is in this State.


LRB103 35799 SPS 65883 b

 

 

A BILL FOR

 

HB4692LRB103 35799 SPS 65883 b

1    AN ACT concerning business.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 1. Short title. This Act may be cited as the
5Reducing Barriers to Start Act.
 
6    Section 5. First year license or registration fees.
7Beginning January 1, 2025, this State and its agencies and
8institutions shall encourage the elimination of all first-year
9business fees relating to any license or registration for any
10new business or person establishing a new business, including
11home-based businesses, whose principal place of business is in
12this State.