Virginia House Bill 1258 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 17 2014 - 25% progression, died in committee
Action: 2014-02-12 - Left in General Laws
Pending: House General Laws Committee
Text: Latest bill text (Introduced) [HTML]

Virginia Small Business Financing Authority; definition of eligible business. Removes the requirement that an eligible business granted tax-exempt status under § 501(c)(3) of the Internal Revenue Code be operating in Virginia and replaces it with a requirement that the § 501(c)(3) business (i) has received $10 million or less in annual gross receipts under generally accepted accounting principles for each of its last three fiscal years or lesser time period if it has been in existence less than three years, (ii) has fewer than 250 employees, and (iii) has a net worth of $2 million or less.

Virginia Small Business Financing Authority; expands definition of eligible business.

Del. Ron Villanueva [R]

Date	Chamber	Action
2014-02-12	House	Left in General Laws
2014-01-30	House	Subcommittee recommends laying on the table by voice vote
2014-01-24	House	Assigned GL sub: Subcommittee #4
2014-01-17	House	Referred to Committee on General Laws
2014-01-17	House	Presented and ordered printed 14104176D

Chapter	Article	Section	Citation Type	Statute Text
2	2	2279	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?141+sum+HB1258
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+HB1258+hil