The bill establishes the Office of Entrepreneurship within the Department of Commerce, Community, and Economic Development in Alaska, aimed at promoting entrepreneurship growth and supporting new businesses in the state. It outlines the office's duties, which include employing personnel, assisting stakeholders, and helping new businesses navigate state interactions. Additionally, the office is required to prepare an annual report detailing legislation that impacts new businesses and to submit this report to the legislature.

Key amendments to existing laws include changing the frequency of procurement reports from biennial to annual and expanding the content of these reports to include data on contracts with new businesses, their total value, and recommendations for improving access to procurement contracts for these businesses. The bill also reduces the initial business license fee to $0 for new businesses, while maintaining a $50 fee for other businesses, with a reduced fee of $25 for sole proprietors who are seniors or disabled veterans.

Statutes affected:
HB0030A, AM HB 30, introduced 01/10/2025: 36.30.540, 36.30.510, 36.30.520, 36.30.320, 44.33.859, 43.70.030