Small business; redefines for the purposes of certain programs. (HB1491)

Introduced By

Del. Glenn Davis (R-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
01/03/2023Committee
01/03/2023Prefiled and ordered printed; offered 01/11/23 23101859D
01/03/2023Referred to Committee on General Laws
01/11/2023Assigned GL sub: Subcommittee #1
01/24/2023Impact statement from DPB (HB1491)
02/02/2023House subcommittee amendments and substitutes offered
02/02/2023Subcommittee recommends laying on the table (5-Y 3-N)
02/07/2023Left in General Laws