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2020 SESSION
HB 346 Small Business and Supplier Diversity, Department of; redefines "small business."
Introduced by: Glenn R. Davis | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Department of Small Business and Supplier Diversity; definitions; small business. Redefines "small business" for the purposes of programs for the Department of Small Business and Supplier Diversity and the Virginia Public Procurement Act to mean a business that together with its affiliates has both 250 or fewer employees and average annual gross receipts, less the cost of goods sold by the business, of $10 million or less averaged over the previous three years. Currently for these programs, a business qualifies as a small business if, together with its affiliates, it has either 250 or fewer employees or average annual gross receipts of $10 million or less averaged over the previous three years.
FULL TEXT
AMENDMENTS
HISTORY
- 01/01/20 House: Prefiled and ordered printed; offered 01/08/20 20103149D
- 01/01/20 House: Referred to Committee on General Laws
- 01/17/20 House: Assigned GL sub: Open Government/Procurement
- 02/04/20 House: Subcommittee recommends continuing to 2021 by voice vote
- 02/06/20 House: Continued to 2021 in General Laws by voice vote