summary
Introduced
01/28/2025
01/28/2025
In Committee
01/28/2025
01/28/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Creates the Reducing Barriers to Start Act. Beginning January 1, 2026, 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.
AI Summary
This bill introduces the Reducing Barriers to Start Act, which aims to support new businesses in Illinois by eliminating first-year business fees for licenses and registrations starting January 1, 2026. The legislation applies to all new businesses, including home-based businesses, whose principal place of business is located within the state. By removing these initial financial barriers, the bill seeks to encourage entrepreneurship and make it easier for individuals to start and establish new businesses in Illinois. The act is designed to reduce the upfront costs that can often discourage potential business owners from launching their ventures, potentially fostering a more dynamic and supportive business environment for startups and small enterprises.
Sponsors (4)
Last Action
Added as Co-Sponsor Sen. Chris Balkema (on 04/02/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1304&GAID=18&DocTypeID=SB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/SB/10400SB1304.htm |
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