The bill amends the Commercial Rehabilitation Act by updating the expiration date for new exemptions. Specifically, it changes the deadline for granting new exemptions from December 31, 2025, to December 31, 2030. This extension allows for a longer period during which new exemptions can be granted under the act.

Additionally, the bill clarifies that any exemptions that are already in effect as of the new deadline will continue until the expiration of the exemption certificate, ensuring that existing exemptions remain valid despite the new cutoff date for granting new ones.

Statutes affected:
House Introduced Bill: 207.856