Small businesses; change in definition. (HB725)

Introduced By

Del. Ken Plum (D-Reston) with support from co-patron Del. Marcus Simon (D-Falls Church)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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. Read the Bill »


Bill Has Failed


01/09/2018Prefiled and ordered printed; offered 01/10/18 18103375D
01/09/2018Referred to Committee on General Laws
01/19/2018Assigned GL sub: Subcommittee #4
01/23/2018Subcommittee recommends striking from docket (8-Y 0-N)
02/13/2018Left in General Laws