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2023 SESSION
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
AMENDMENTS
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