Small Business and Supplier Diversity, Department of; redefines 'small business.' (HB346)

Introduced By

Del. Glenn Davis (R-Virginia Beach) with support from co-patron Del. Kelly Fowler (D-Virginia Beach)

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, 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. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/01/2020Committee
01/01/2020Prefiled and ordered printed; offered 01/08/20 20103149D
01/01/2020Referred to Committee on General Laws
01/17/2020Assigned GL sub: Open Government/Procurement
02/04/2020House subcommittee amendments and substitutes offered
02/04/2020Subcommittee recommends continuing to 2021
02/06/2020Continued to 2021 in General Laws

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