Bill > A4928

Introduced Session

This bill establishes requirements for eligibility when the State implements a small business set-aside program. The State currently has a small business set-aside program. This bill clarifies that only businesses without an applicable federal revenue standard established by federal regulations are required to have a certain maximum number of employees. This bill also alters the definitions of gross revenue from a standard of three years in business to a standard of five years in business. The requirements established in this bill will be in addition to any and all rules or regulations, except that these requirements will supersede the rules and regulations adopted as N.J.A.C. 17:13-2.1(a).

AI Summary

Committee Categories

Robert Clifton (R)*,  Vin Gopal (D)*,  Linda Greenstein (D)*,  Luanne Peterpaul (D)*,  Joe Cryan (D),  Patrick Diegnan (D),  Gordon Johnson (D),  Yvonne Lopez (D),  Raj Mukherji (D),  Vince Polistina (R),  Verlina Reynolds-Jackson (D),  Sterley Stanley (D),  Latham Tiver (R),  Andrew Zwicker (D), 

Approved P.L.2025, c.254. (on 01/12/2026)

Official Document