Bills › 91st General Assembly
Relating to the maximum annual gross income for an enterprise to qualify as a targeted small business
Sponsored by the House Economic Growth and Technology Committee, Rep. Gary M. Mohr (R)
Topics:Business & economy
Same legislation: HF 112
Where it is now
- Done: IntroducedJanuary 23, 2025
- Done: SubcommitteeFebruary 6, 2025
- Done: House committeeMarch 5, 2025
- Done: Passes the HouseMarch 25, 202596–1
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2026 session adjourned on May 3, 2026, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary Small businesses could qualify for special status even if they make more money. This change would raise the yearly income limit from $4 million to $10 million for a company to be considered a targeted small business.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 $10 million to qualify as a targeted small business. Under current law, the maximum is $4 million.
Why it matters. Small businesses with an annual gross income of up to $10 million would be able to qualify as targeted small businesses. Currently, only businesses earning less than $4 million can meet this requirement.2
Changed since by amendment H-1153; see Amendments.
Senate subcommittee
Named March 31, 2025. On April 2, 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