Small Business and Supplier Diversity, Department of; redefines 'small business.' (SB1098)

Introduced By

Progress

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

Description

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 of $10 million or less averaged over the previous three years. The bill provides that gross receipts shall not include the cost of goods and equipment. Currently, under 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. Amends § 2.2-4310, of the Code of Virginia. Read the Bill »

Status

01/14/2019: passed committee

History

Date	Action
12/20/2018	Prefiled and ordered printed; offered 01/09/19 19101695D
12/20/2018	Referred to Committee on General Laws and Technology
01/14/2019	Impact statement from DPB (SB1098)
01/14/2019	Reported from General Laws and Technology (10-Y 3-N 1-A) (see vote tally)
01/14/2019	Rereferred to Finance