O.C.G.A. § 50-5-121 (2019)
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
have either fewer than 300 employees or less than $30 million in gross receipts per year.”
Annotations
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.’”
RESEARCH REFERENCES ALR. Small Business Owned and Controlled by Socially or Economically Disadvan-
taged Person Under Small Business Act § 8(a) (15 U.S.C.A. § 637), 33 A.L.R. Fed. 3d 1.