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92_SB0317eng SB317 Engrossed LRB9205862NTsb 1 AN ACT relating to schools. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Private Business and Vocational Schools 5 Act is amended by changing Section 1.1 as follows: 6 (105 ILCS 425/1.1) (from Ch. 144, par. 136.1) 7 Sec. 1.1. Exemptions and annual filing. 8 (a) For purposes of this Act, the following shall not be 9 considered to be a private business and vocational school: 10 (1) Any eleemosynary institution. 11 (2) Any religious institution. 12 (3) Any public educational institution exempt from 13 property taxation under the laws of this State. 14 (4) Any in-service course of instruction and 15 subject offered by an employer provided no tuition is 16 charged and such instruction is offered only to employees 17 of such employer. 18 (5) Any educational institution which on the 19 effective date of this amendatory Act of 1984is20regulated solely byor which on January 2, 2001June 30,211991, is solely degree granting,enrolls a majority of 22 its students inbachelors' or higherdegree programs, has 23 maintained an accredited status with the Commission on 24 Institutions of Higher Education of the North Central 25 Association of Colleges and Schools, and is regulated by 26 the Illinois Board of Higher Education under the Private 27 College Act or the Academic Degree Act, or which is 28 exempt from such regulation under either of the foregoing 29 Acts solely for the reason that such educational 30 institution was in operation on the effective date of 31 either such Act. SB317 Engrossed -2- LRB9205862NTsb 1 (6) Any institution and the franchisees of such 2 institution which offer exclusively a course of 3 instruction in income tax theory or return preparation at 4 a total contract price of no more than $400, provided 5 that the total annual enrollment of such institution for 6 all such courses of instruction exceeds 500 students, and 7 further provided that the total contract price for all 8 instruction offered to a student in any one calendar year 9 does not exceed $400. For each calendar year after 1990, 10 the total contract price shall be adjusted, rounded off 11 to the nearest dollar, by the same percentage as the 12 increase or decrease in the general price level as 13 measured by the consumer price index for all urban 14 consumers for the United States, or its successor index, 15 as defined and officially reported by the United States 16 Department of Labor, or its successor agency. The change 17 in the index shall be that as first published by the 18 Department of Labor for the calendar year immediately 19 preceding the year in which the total contract price is 20 calculated. 21 (b) An institution exempted under subsection (a) of this 22 Section must file with the Superintendent an annual financial 23 report to demonstrate continued compliance by the institution 24 with the requirements on which the exemption is based. 25 (Source: P.A. 90-649, eff. 7-24-98.)