HB4692 103RD GENERAL ASSEMBLY

LRB103 35799 SPS 65883 b

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.

A BILL FOR

AN ACT concerning business.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 1. Short title. This Act may be cited as the Reducing Barriers to Start Act.

Section 5. First year license or registration fees. Beginning January 1, 2025, this State and its agencies and institutions 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.