Business Development Incentives for Veterans and Military Spouses
What changed between versions
Removed the vendor preference provision that required state agencies to award contracts to certified veteran-owned or military spouse-owned businesses when bids were equal.
Added detailed definitions for 'military spouse', 'veteran', and 'veteran-owned or military spouse-owned business' including specific criteria like employee count, net worth limits, and ownership percentages.
Modified fee waiver eligibility to include specific documentation requirements such as DD Form 214 for veterans and verification of military spouse relationships.
Added new annual reporting requirements for the Department of Veterans' Affairs to track business establishment, economic impact, and demographic data.
Added specific timeframes for fee waiver eligibility (July 1, 2025 to June 30, 2030) and reporting deadlines (December 31 each year starting 2025).