R. Steven Landes
- Republican
Primary
Reduces from 50 percent to 35 percent the minimum percentage of revenues that a small business must derive from out-of-state sources in order to be eligible for grants from the Small Business Jobs Grant Fund Program. The bill reduces from $100,000 to $50,000 the minimum new capital investment that a company is required to make to be eligible for assistance under the Program. Finally, the bill changes the definition of small business for purposes of the Program from a company that has 250 or fewer employees to one that has 50 or fewer employees in its base year and average annual gross receipts of $3 million or less averaged over the previous 24-month period.
Approved by Governor-Chapter 264 (effective 7/1/17)
Governor's Action Deadline Midnight, March 27, 2017
Enrolled Bill communicated to Governor on 2/21/17
Signed by President
Enrolled
Signed by Speaker
Read third time
Constitutional reading dispensed
Referred to Committee on General Laws and Technology
Read third time and passed House BLOCK VOTE (98-Y 0-N)
Printed as engrossed 17100307D-E
Engrossed by House as amended HB1969E
Committee amendment agreed to
Read second time
Read first time
Assigned GL sub: Subcommittee #4
Referred to Committee on General Laws
Prefiled and ordered printed; offered 01/11/17 17100307D
| Bill Text Versions | Format |
|---|---|
| House: Prefiled and ordered printed; offered 01/11/17 17100307D | HTML |
| House: Printed as engrossed 17100307D-E | HTML |
| House: Bill text as passed House and Senate (HB1969ER) | HTML |
| Governor: Acts of Assembly Chapter text (CHAP0264) | HTML |
| Document | Format |
|---|---|
| No related documents. |
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