For the purposes of this part, the term:
History. Ga. L. 1975, p. 1619, § 3; Ga. L. 1982, p. 3, § 50; Ga. L. 2012, p. 760, § 1-3/HB 863; Ga. L. 2015, p. 1284, § 5/HB 259; Ga. L. 2021, p. 271, § 1/HB 611.
The 2012 amendment, effective July 1, 2012, and repealed effective July 1, 2015, added paragraph (2); redesignated former paragraph (2) as present paragraph (3); and, in paragraph (3), inserted “Georgia resident” in the first sentence, and in the second sentence, substituted “300” for “100” and “$30 million” for “$1 million”.
The 2015 amendment, effective July 1, 2015, deleted “Georgia resident” preceding “business” near the beginning of paragraph (3).
The 2021 amendment, effective July 1, 2021, rewrote paragraph (3), which read: “ ‘Small business’ means a business which is independently owned and operated. In addition, such business must have either fewer than 300 employees or less than $30 million in gross receipts per year.”
Editor’s notes.
Ga. L. 2015, p. 1284, § 1/HB 259, not codified by the General Assembly, provides: “This Act shall be known and may be cited as the ‘Georgia Business Act.’