Small business; change in definition. (SB768)

Introduced By

Sen. Mamie Locke (D-Hampton)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Department of Minority Business Enterprise; definition of small business. Requires a business to have both 250 or fewer employees and average annual gross receipts of $10 million or less averaged over the previous three years to fit the definition of "small business." Currently a business must have either 250 or fewer employees or average annual gross receipts of $10 million or less averaged over the previous three years to fit the definition. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/13/2006Prefiled and ordered printed; offered 01/10/07 071963750
12/13/2006Referred to Committee on General Laws and Technology
01/11/2007Impact statement from DPB (SB768)