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applicant a license, in a form prescribed by the Department. The license , which shall allow permit the applicant to whom it is issued to engage in business as a distributor at the place shown on the his or her application. The license shall be issued by the Department without charge or cost to the applicant. No license issued under this Section Act is transferable or assignable. The license shall be conspicuously displayed in the place of business conducted by the licensee under the license. No distributor licensee acquires any vested interest or compensable property right in a license issued under this Section. Licenses issued by the Department under this Section Act shall be valid for a period not to exceed one year after issuance unless sooner revoked, canceled, or suspended as provided in this Act. A licensed distributor shall notify the Department of any change in the information contained on the application form, including any change in ownership and shall do so within 30 days after any such change No license shall be issued to any person who is in default to the State of Illinois for moneys due under this Act or any other tax Act administered by the Department. The Department shall discharge any surety and shall release and return any bond provided to it by a taxpayer under this Section within 90 days after: (1) the taxpayer becomes a prior continuous compliance SB3019 Enrolled LRB104 20255 HLH 33706 b Public Act 104-0468