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2018 SESSION

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HB 725 Small businesses; change in definition.

Introduced by: Kenneth R. Plum | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Department of Small Business and Supplier Diversity; Virginia Public Procurement Act; definition of small business. Changes the requirements of the definition of small business for the purposes of programs of the Department of Small Business and Supplier Diversity and the Virginia Public Procurement Act to require the business, together with affiliates, to have 250 or fewer employees and average annual gross receipts of $10 million or less averaged over the previous three years. Currently for these programs, a business is required to meet one or the other of these conditions to be considered a small business.

FULL TEXT

• 01/09/18  House: Prefiled and ordered printed; offered 01/10/18 18103375D  pdf

HISTORY

• 01/09/18  House: Prefiled and ordered printed; offered 01/10/18 18103375D
• 01/09/18  House: Referred to Committee on General Laws
• 01/19/18  House: Assigned GL sub: Subcommittee #4
• 01/23/18  House: Subcommittee recommends striking from docket (8-Y 0-N)
• 02/13/18  House: Left in General Laws