Definitions

For the purposes of this part, the term: (1) “Department” means the Department of Administrative Services. (2) “Georgia resident business” means any business that regularly maintains a place from which business is physically conducted in Georgia for at least one year prior to any bid or proposal to the state or a new business that is domiciled in Georgia and which regularly maintains a place from which business is physically conducted in Georgia; provided, however, that a place from which business is conducted shall not include a post office box, a leased private mailbox, site trailer, or temporary structure. (3) “Small business” means a business which is independently owned and operated and: (A) Tier one: has ten or fewer employees or $1 million or less in gross receipts per year; (B) Tier two: has 100 or fewer employees or $10 million or less in gross receipts per year; or (C) Tier three: has 300 or fewer employees or $30 million or less in gross receipts per year. 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 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 576 50-5-121 DEPT. OF ADMINISTRATIVE SERVICES 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 50-5-122 codified by the General Assembly, provides: “This Act shall be known and may be cited as the ‘Georgia Business Act.’”