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Synopsis As Introduced Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the purpose of the Entrepreneur Learner's Permit pilot program is to encourage and assist beginning entrepreneurs in starting new businesses (instead of "new information services, biotechnology, and green technology businesses"). Removes provisions limiting the aggregate amount of all reimbursements under the Entrepreneur Learner's Permit pilot program to $500,000 per State fiscal year. Effective immediately.
Senate Committee Amendment No. 1 In a Section of the bill concerning the Entrepreneur Learner's Permit program, provides that applicants shall apply to the Department of Commerce and Economic Opportunity within one year after formation of the business (currently, prior to the formation of the business). Restores language providing that the aggregate amount of all reimbursements provided by the Department of Commerce and Economic Opportunity under the Entrepreneur Learner's Permit program shall not exceed $500,000 in any State fiscal year.
House Floor Amendment No. 1 Makes changes to the engrossed bill to provide that the report to the General Assembly concerning the Entrepreneur Learner's Permit pilot program shall be filed with the Clerk of the House of Representatives and the Secretary of the Senate in electronic form only, in the manner that the Clerk and the Secretary shall direct.
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