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