By Giddings H.B. No. 1292
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the definition of a small business.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Section 481.101(3), Government Code, is amended
1-5 to read as follows:
1-6 (3) "Small business" means a corporation, partnership,
1-7 sole proprietorship, or other legal entity that:
1-8 (A) is formed for the purpose of making a
1-9 profit;
1-10 (B) is independently owned and operated; and
1-11 (C) has fewer than 50 full-time equivalent <100>
1-12 employees, as that term is described by Section 2052.102, or less
1-13 than $3 million <$1 million> in annual gross receipts.
1-14 SECTION 2. Section 481.191(4), Government Code, is amended
1-15 to read as follows:
1-16 (4) "Small business" has the meaning assigned by
1-17 Section 481.101 <means a corporation, partnership, sole
1-18 proprietorship, or other legal entity that:>
1-19 <(A) is domiciled in this state;>
1-20 <(B) is formed to make a profit;>
1-21 <(C) is independently owned and operated; and>
1-22 <(D) employs fewer than 100 full-time
1-23 employees>.
1-24 SECTION 3. Section 481.231(2), Government Code, is amended
2-1 to read as follows:
2-2 (2) "Small business" has the meaning assigned by
2-3 Section 481.101 <means a corporation, partnership, sole
2-4 proprietorship, or other legal entity that:>
2-5 <(A) is domiciled in this state;>
2-6 <(B) is formed to make a profit;>
2-7 <(C) is independently owned and operated; and>
2-8 <(D) employs fewer than 25 full-time employees>.
2-9 SECTION 4. Section 481.301(1), Government Code, is amended
2-10 to read as follows:
2-11 (1) "Small business" has the meaning assigned by
2-12 Section 481.101 <means a corporation, partnership, sole
2-13 proprietorship, joint venture, or other business entity operating
2-14 as a for-profit concern, having not more than 500 employees,
2-15 including employees employed by any subsidiary or affiliated
2-16 business entity, that otherwise meets the requirements of the
2-17 federal small business innovation research program>.
2-18 SECTION 5. Section 2006.001(1), Government Code, is amended
2-19 to read as follows:
2-20 (1) "Small business" has the meaning assigned by
2-21 Section 481.101 <means a legal entity, including a corporation,
2-22 partnership, or sole proprietorship that:>
2-23 <(A) is formed for the purpose of making a
2-24 profit;>
2-25 <(B) is independently owned and operated; and>
2-26 <(C) has fewer than 100 employees or less than
2-27 $1 million in annual gross receipts>.
3-1 SECTION 6. Section 2006.011(2), Government Code, is amended
3-2 to read as follows:
3-3 (2) "Small business" has the meaning assigned by
3-4 Section 481.101 <means a legal entity, including a corporation,
3-5 partnership, or sole proprietorship that:>
3-6 <(A) is formed for the purpose of making a
3-7 profit;>
3-8 <(B) is independently owned and operated;>
3-9 <(C) is not a publicly held corporation; and>
3-10 <(D) has fewer than 100 employees or less than
3-11 $1 million in annual gross receipts at the end of the fiscal year
3-12 preceding the year of the filing of an administrative adjudicatory
3-13 proceeding or civil action in which the entity is seeking recovery
3-14 under this subchapter>.
3-15 SECTION 7. Article 26.02(21), Insurance Code, is amended to
3-16 read as follows:
3-17 (21) "Small employer" means a person or an entity that
3-18 is actively engaged in business and that, on at least 50 percent of
3-19 its working days during the preceding calendar year, employed at
3-20 least three but not more than 50 eligible employees, including the
3-21 employees of an affiliated employer, the majority of whom were
3-22 employed in this state.
3-23 SECTION 8. Section 4.02(d), Workforce and Economic
3-24 Competitiveness Act (Article 5190.7a, Vernon's Texas Civil
3-25 Statutes), is amended to read as follows:
3-26 (d) In this section:
3-27 (1) "general purpose business organization" means an
4-1 organization that admits to membership any for-profit business
4-2 operating within the workforce development area; and
4-3 (2) "small business" has the meaning assigned by
4-4 Section 481.101, Government Code <means a private for-profit
4-5 enterprise employing not more than 500 employees>.
4-6 SECTION 9. This Act takes effect September 1, 1995.
4-7 SECTION 10. The importance of this legislation and the
4-8 crowded condition of the calendars in both houses create an
4-9 emergency and an imperative public necessity that the
4-10 constitutional rule requiring bills to be read on three several
4-11 days in each house be suspended, and this rule is hereby suspended.