VETERAN-OWNED SMALL BUSINESS/ANNUAL REPORT.

View NCGA Bill Details2017-2018 Session
Senate Bill 578 (Public) Filed Thursday, March 30, 2017
AN ACT TO REQUIRE THE OFFICE OF THE SECRETARY OF STATE TO ANNUALLY COMPILE INFORMATION ABOUT THE NUMBER OF VETERAN-OWNED SMALL BUSINESSES AND SERVICE-DISABLED VETERAN-OWNED SMALL BUSINESSES AND TO PROVIDE THIS INFORMATION TO THE DEPARTMENT OF MILITARY AND VETERANS AFFAIRS.
Intro. by Brown.

Status: Ch. SL 2017-90 (Senate Action) (Jun 30 2017)

Bill History:

S 578/S.L. 2017-90

Bill Summaries:

  • Summary date: Jul 3 2017 - More information

    AN ACT TO REQUIRE THE OFFICE OF THE SECRETARY OF STATE TO ANNUALLY COMPILE INFORMATION ABOUT THE NUMBER OF VETERAN-OWNED SMALL BUSINESSES AND SERVICE-DISABLED VETERAN-OWNED SMALL BUSINESSES AND TO PROVIDE THIS INFORMATION TO THE DEPARTMENT OF MILITARY AND VETERANS AFFAIRS. Enacted June 30, 2017. Effective January 1, 2018.


  • Summary date: Jun 22 2017 - More information

    House amendment #1 makes the following changes to the 1st edition.

    Further modifies GS 55-1-40, which sets out the definitions for the Chapter. Deletes the proposed addition of the terms annual receipts and related person. Amends the requirements for a business to qualify as a service-disabled veteran-owned small business to require the business's net annual receipts do not exceed $1 million (previously, required the business's annual receipts combined with the annual receipts of related persons not to exceed $1 million). Makes identical changes to the requirements for a business to qualify as a veteran-owned business. Defines veteran to mean an individual entitled to any benefits or rights under the laws of the United States by reason of service in the US Armed Forces (previously, an individual as defined by GS 143B-1213(3)(b)).

    Makes clarifying change to proposed GS 55-16-22(a4). 

    Amends proposed GS 55-16-22.2, requiring the Secretary of State to annually report on veteran-owned small businesses and service-disabled veteran-owned small businesses to the Department of Military and Veterans Affairs (DMVA) by March 1 of each year (previously, no later than March 1 of each year).

    Amends proposed GS 57D-2-24(a1) and proposed GS 59-84.4(a1), to remove statutory references to definitions.

    Amends proposed GS 57D-2-25, requiring the Secretary of State to annually report the summary information on veteran-owned small businesses and service-disabled veteran-owned small businesses to DMVA by March 1 of each year (previously, did not provide a deadline, and instead required the information to be included in the annual report required by GS 55-16-22.2).

    Amends proposed GS 59-84.5, requiring the Secretary of State to annually report the summary information on veteran-owned small businesses and service-disabled veteran-owned small businesses to DMVA by March 1 of each year (previously, did not provide a deadline, and instead required the information to be included in the annual report required by GS 55-16-22.2).

    Amends GS 57D-1-03 and GS 59-32, which sets out the definitions for the Chapters. Adds the terms service-disabled veteran, service-disabled veteran-owned small business, veteran, and veteran-owned small business to the statute. Defines the added terms identically to those set out in GS 55-1-40 as amended by this act.

    Makes clarifying and technical changes to the provision authorizing the Office of the Secretary of State and the Department of Revenue to include an explanation in the instructions of the annual report forms that status as as a veteran-owned small business or service-disabled veteran-owned small business is being requested to assist the State in documenting the importance and impact of the State's military populations.


  • Summary date: Mar 31 2017 - More information

    Includes whereas clauses. 

    Amends GS 55-1-40 by adding and defining the following terms: annual receipts, articles of incorporation, related person, service-disabled veteran, service-disabled veteran-owned small business, veteran, and veteran-owned small business. Makes technical changes.

    Amends GS 55-16-22 by adding that the Secretary of State and Secretary of Revenue must provide space and instructions on the annual report from for a corporation to voluntarily indicate whether it is a veteran-owned small business or a service-disabled veteran-owned small business. The act defines a veteran-owned small business as a business that has annual receipts, combined with the annual receipts of all related persons, that do not exceed $1 million and  one or more veterans own more than 50% of the business. The act defines service‑disabled veteran‑owned small business as a business that has annual receipts, combined with the annual receipts of all related persons, that do not exceed $1 million and one or more service‑disabled veterans own more than 50% of the business.

    Requires the Secretary of State to compile summary information, using the information reported under amended GS 55‑16‑22(a4), on the number of veteran‑owned small businesses and the number of service‑disabled veteran‑owned small businesses reporting in this state and annually report this summary information to the Department of Military and Veterans Affairs by March 1.

    Amends GS 57D-2-24 to require the Secretary of State to also provide space and instruction on the annual report form for a limited liability company to voluntarily indicate whether it is a veteran-owned small business or a service-disabled veteran-owned small business.

    Requires the Secretary of State to compile summary information, using the information reported under amended GS 57D-2-24(a1), on the number of veteran‑owned small businesses and the number of service‑disabled veteran‑owned small businesses reporting in this state and annually report this summary information in the annual report to the Department of Military and Veterans Affairs.

    Amends GS 59-84.4 to require the Secretary of State to also provide space and instruction on the annual report form for a registered limited liability partnership or foreign limited liability partnership to voluntarily indicate whether it is a veteran-owned small business or a service-disabled veteran-owned small business.

    Requires the Secretary of State to compile summary information, using the information reported under amended GS 59-84.4(a1), on the number of veteran‑owned small businesses and the number of service‑disabled veteran‑owned small businesses reporting in this state and annually report this summary information in the annual report to the Department of Military and Veterans Affairs.

    Allows the Office of the Secretary of State and the Department of Revenue to include in the instructions of the annual report forms an explanation that status as a veteran‑owned small business or service‑disabled veteran‑owned small business is being requested to assist the State in documenting the importance and impact of the State's military population in our communities and on our State and local economies. Requires the Office of the Secretary of State to submit the first annual report required by the act by March 1, 2019.

    Applies to annual reports filed by business entities on or after January 1, 2018.

     


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