Monday, April 5, 2010

Two-day Grace Period on Regulatory Compliance for Small Businesses

On March 24, Governor Gregoire signed House Bill 2603 into law. The bi-partisan bill, which passed the legislature unanimously, gives small businesses a grace period of two business days to comply when found in violation of a state regulation.

The bill's prime sponsor, Rep. Norma Smith (R-Clinton), derived the concept from a recommendation at Washington Policy Center's (WPC) 2009 Statewide Small Business Conference, where more than 300 small business owners and policymakers gathered to discuss the biggest challenges in Washington’s business climate. Participants offered and voted on specific policy recommendations, including the two-day grace period for regulatory compliance.

“Small business owners in Washington face a growing mountain of regulations on how they can operate their businesses, and it is increasingly difficult for them to keep up and comply with those regulations,” said Carl Gipson, director of WPC’s Center for Small Business, who attended the signing ceremony in the Governor’s office yesterday. “This two-day grace period is a small step in the right direction, and it certainly is welcome relief to the folks who are the backbone of our state’s economy.”

The two-day grace period law takes effect in July.

For more information on specific policy reform ideas recommended by small-business owners, read the WPC report “Small Business and the Road to Recovery.”

Washington Policy Center press release

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