-Amends the definition of aggravated taking of identity so that if a person possesses or uses identifying information of three people for illegal purposes, rather than five, then he or she is guilty of a class 3 felony (Sec. 1).
-Establishes that taking another persons identity in order to be employed is a class 3 felony (Sec. 1).
-Prohibits an employer from knowingly or intentionally employing an undocumented immigrant (Sec. 2).
-Requires that a business that has been convicted of a first offense of knowingly employing an undocumented immigrant to (Sec. 2):
- Terminate the employment of all undocumented immigrants.
-Submit to a three year probationary period during which the employer must submit quarterly reports to the state on all new hires.
-File an affidavit that states that the employer has terminated the employment of all undocumented immigrants.
- Revokes the employers business licenses if the employer fails to meet these provisions, until the affidavit is filed and provides that the licenses may be revoked for up to ten additional days, depending on the severity of the violation (Sec. 2).
-Provides that for a first violation on the prohibition against intentionally employing an undocumented immigrant the employer must meet the above requirements (with the probationary period increased to five years) and requires that the employers business license(s) be suspended for a minimum of ten days (Sec. 2).
-Revokes the employers business license(s) permanently for a second violation during the probationary period of the prohibition on knowingly or intentionally hiring an undocumented immigrant (Sec. 2).
-Establishes an employer sanctions legislative study committee that consists of three senate members, three house members, and two business owners to examine the implementation of the provisions of the bill and submit a report by December 31, 2008 (Sec. 4).
-Appropriates $2.6 million for the purpose of the provisions of the bill (Sec. 7&8).