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Bill > A2310

NJ A2310

NJ A2310
Establishes eligibility requirements for State small business set-aside program.

summary

Introduced
01/13/2026
In Committee
01/13/2026
Crossed Over
Passed
01/13/2026
Dead
Signed/Enacted/Adopted
01/13/2026

Introduced Session

2026-2027 Regular Session

Bill Summary

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

This bill clarifies eligibility requirements for New Jersey's State small business set-aside program, which is a program designed to reserve a portion of state contracts for small businesses. Specifically, it states that only businesses without a federal revenue standard, as defined by federal regulations (13 CFR s.121.201), will be subject to a maximum employee limit to qualify as a small business. Additionally, the bill changes how a business's gross revenue is calculated to determine eligibility, shifting from a standard based on three years in business to a standard based on five years in business, with specific provisions for businesses operating for less than five years or those with short tax years. These new requirements will override existing regulations found in N.J.A.C. 17:13-2.1(a) but will be in addition to all other applicable rules.

Committee Categories

Business and Industry

Sponsors (5)

Last Action

Withdrawn Because Approved P.L.2025, c.254. (on 01/13/2026)
(2 Companion Bills)

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Document Type Source Location
State Bill Page https://www.njleg.state.nj.us/bill-search/2026/A2310
BillText https://pub.njleg.gov/Bills/2026/A2500/2310_I1.HTM
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