Text: HF02602 Text: HF02604 Text: HF02600 - HF02699 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 15.313, subsection 2, Code 2001, is
1 2 amended by adding the following new paragraph:
1 3 NEW PARAGRAPH. j. Matching grants under the junior
1 4 entrepreneur training program as provided in section 15E.45.
1 5 Sec. 2. NEW SECTION. 15E.41 SHORT TITLE.
1 6 This division shall be known and may be cited as the
1 7 "Junior Entrepreneur Training Act".
1 8 Sec. 3. NEW SECTION. 15E.42 JUNIOR ENTREPRENEUR TRAINING
1 9 ASSISTANCE PROGRAM.
1 10 1. The department of economic development shall establish
1 11 a junior entrepreneur training assistance program to encourage
1 12 and assist private businesses and organizations to establish
1 13 junior entrepreneur training programs that would operate in
1 14 conjunction or cooperation with a local school district.
1 15 2. a. A junior entrepreneur training program established
1 16 by a private business or organization shall be designed to do
1 17 all of the following:
1 18 (1) Encourage interest in starting or operating a
1 19 business.
1 20 (2) Educate participants regarding the potential
1 21 advantages and rewards of self-employment.
1 22 (3) Engage business professionals and successful
1 23 entrepreneurs to introduce participants to the basics of
1 24 business ownership and management.
1 25 (4) Assist past participants in the program who start or
1 26 purchase a business to develop mentoring relationships with
1 27 successful local businesspersons.
1 28 b. The department shall give priority to a junior
1 29 entrepreneur training program that concentrates its efforts on
1 30 attracting participants who lack significant exposure to
1 31 entrepreneurship role models including, but not limited to,
1 32 persons from economically disadvantaged backgrounds or
1 33 populations traditionally underrepresented in the local
1 34 business community.
1 35 3. For purposes of an eligible taxpayer claiming an income
2 1 tax deduction pursuant to sections 422.7 and 422.35, the
2 2 department shall, upon application by the junior entrepreneur
2 3 training program, certify any junior entrepreneur training
2 4 program that meets the criteria in subsection 2, paragraph
2 5 "b".
2 6 Sec. 4. NEW SECTION. 15E.43 FUNDING.
2 7 The department may provide a matching grant to a private
2 8 business or organization that establishes a junior
2 9 entrepreneur training program. A matching grant shall provide
2 10 one dollar for every two dollars in private matching moneys.
2 11 Sec. 5. NEW SECTION. 15E.44 RULES.
2 12 The department shall adopt rules pursuant to chapter 17A
2 13 necessary for the administration of this division.
2 14 Sec. 6. Section 422.7, Code Supplement 2001, is amended by
2 15 adding the following new subsection:
2 16 NEW SUBSECTION. 38. Subtract the amount of any
2 17 contribution made for the establishment or operation of a
2 18 junior entrepreneur training program certified by the
2 19 department of economic development pursuant to section 15E.42.
2 20 Sec. 7. Section 422.35, Code Supplement 2001, is amended
2 21 by adding the following new subsection:
2 22 NEW SUBSECTION. 19. Subtract the amount of any
2 23 contribution made for the establishment or operation of a
2 24 junior entrepreneur training program certified by the
2 25 department of economic development pursuant to section 15E.42.
2 26 EXPLANATION
2 27 This bill creates a junior entrepreneur training assistance
2 28 program.
2 29 The bill provides that the department of economic
2 30 development shall establish a junior entrepreneur training
2 31 assistance program to encourage and assist private businesses
2 32 and organizations to establish junior entrepreneur training
2 33 programs that would operate in conjunction or cooperation with
2 34 a local school district. The bill provides that a junior
2 35 entrepreneur training program established by a private
3 1 business or organization shall be designed to encourage
3 2 interest in starting or operating a business, educate
3 3 participants regarding the potential advantages and rewards of
3 4 self-employment, engage business professionals and successful
3 5 entrepreneurs to introduce participants to the basics of
3 6 business ownership and management, and assist past
3 7 participants in the program who start or purchase a business
3 8 to develop mentoring relationships with successful local
3 9 businesspersons. The bill provides that the department shall
3 10 give priority to a junior entrepreneur training program that
3 11 concentrates its efforts on attracting participants who lack
3 12 significant exposure to entrepreneurship role models
3 13 including, but not limited to, persons from economically
3 14 disadvantaged backgrounds or populations traditionally
3 15 underrepresented in the local business community.
3 16 The bill provides that the department may provide a
3 17 matching grant to a private business or organization that
3 18 establishes a junior entrepreneur training program. The bill
3 19 provides that the moneys for the matching grants shall be
3 20 provided from the strategic investment fund.
3 21 The bill provides for an individual or corporate tax
3 22 deduction for any contribution made for the establishment or
3 23 operation of a junior entrepreneur training program certified
3 24 by the department. The bill provides that the department
3 25 shall, upon application by the junior entrepreneur training
3 26 program, certify programs that concentrate efforts on
3 27 attracting participants who lack significant exposure to
3 28 entrepreneurship role models including, but not limited to,
3 29 persons from economically disadvantaged backgrounds or
3 30 populations traditionally underrepresented in the local
3 31 business community.
3 32 LSB 6366HH 79
3 33 tm/cls/14
Text: HF02602 Text: HF02604 Text: HF02600 - HF02699 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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