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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