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2016 SESSION

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SB 119 Small Business; changes in definition, regulation by U.S. Small Business Administration.

Introduced by: J. Chapman Petersen | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Department of Small Business and Supplier Diversity; definition of small business. Changes the definition of small business to require the business, together with affiliates, to meet the small business size standards established by the regulations of the U.S. Small Business Administration. Currently, a small business is required to have 250 or fewer employees or average annual gross receipts of $10 million or less averaged over the previous three years.

FULL TEXT

• 12/28/15  Senate: Prefiled and ordered printed; offered 01/13/16 16100873D  pdf | impact statement

HISTORY

• 12/28/15  Senate: Prefiled and ordered printed; offered 01/13/16 16100873D
• 12/28/15  Senate: Referred to Committee on General Laws and Technology
• 02/15/16  Senate: Continued to 2017 in General Laws and Technology (15-Y 0-N)