Bills › 91st General Assembly
Relating to the maximum annual gross income for an enterprise to qualify as a targeted small business
Sponsored by Rep. Gary M. Mohr (R)
Topics:Business & economy
Same legislation: HF 872
Where it is now
- Done: IntroducedJanuary 23, 2025
- Done: SubcommitteeFebruary 6, 2025
- Done: House committeeMarch 5, 2025
- Skipped: Passes the HouseContinued as HF 872
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Became HF 872 → Its progress continues under the new number. Go to HF 872 What’s a funnel?
What’s in it
AI summary Currently, a business must make less than $4 million a year to be called a targeted small business. This change would raise that limit to $200 million. This would allow many more companies to qualify for that status.1
Read the official explanation
This bill relates to the maximum annual gross income for an enterprise to qualify as a targeted small business. Under the bill, an enterprise must have an annual gross income of less than $200 million to qualify as a targeted small business. Under current law, the maximum is $4 million.
Changed since by amendment H-1153; see Amendments.
House subcommittee
Named February 6, 2025. On February 11, 2025 it recommended passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
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91st General Assembly