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2005 SESSION
SB 1218 Small businesses; regulations.
Introduced by: William Bolling | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Administrative Process Act; impact on small businesses. Requires the Department of Planning and Budget, in addition to the economic impact analysis it already prepares concerning a proposed regulation, to differentiate between small businesses and other businesses identified; estimate the projected reporting, recordkeeping and other administrative costs required for compliance by such small businesses with the regulation; and include a description of any alternative method for achieving the purpose of the regulation while minimizing adverse impact on small businesses. The bill defines "small business" as a business entity, including its affiliates, that (i) is independently owned and operated and (ii) employs fewer than 500 full-time employees or has gross annual sales of less than $6 million. The bill also requires agencies to periodically review their regulations to minimize the economic impact on small businesses.
FULL TEXT
HISTORY
- 01/12/05 Senate: Presented & ordered printed 052674704
- 01/12/05 Senate: Referred to Committee on General Laws
- 01/26/05 Senate: Incorporated by G. L. (SB1122-Obenshain) (15-Y 0-N)