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2023 SESSION

• | print version

HB 1491 Small business; redefines for the purposes of certain programs.

Introduced by: Glenn Davis-Resigned 4/24 | 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

• 01/03/23  House: Prefiled and ordered printed; offered 01/11/23 23101859D  pdf | impact statement

AMENDMENTS

• House subcommittee amendments and substitutes offered

HISTORY

• 01/03/23  House: Prefiled and ordered printed; offered 01/11/23 23101859D
• 01/03/23  House: Referred to Committee on General Laws
• 01/11/23  House: Assigned GL sub: Subcommittee #1
• 02/02/23  House: Subcommittee recommends laying on the table (5-Y 3-N)
• 02/07/23  House: Left in General Laws