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A2310 • 2026

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

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

Small Business
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Peterpaul, Luanne M., Esq.
Last action
2026-01-13
Official status
Withdrawn Because Approved P.L.2025, c.254.
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

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

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

What This Bill Does

  • Establishes eligibility requirements for State small business set-aside program.
  • Topic: Withdrawn Because Approved Fiscal note: This bill has not been certified by OLS for a fiscal note.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-01-13 New Jersey Legislature

    Introduced, Referred to Assembly Commerce and Economic Development Committee

  2. 2026-01-13 New Jersey Legislature

    Withdrawn Because Approved P.L.2025, c.254.

Official Summary Text

Establishes eligibility requirements for State small business set-aside program.
Topic:
Withdrawn Because Approved
Fiscal note:
This bill has not been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text 
A2310

ASSEMBLY, No. 2310

STATE OF NEW JERSEY

222nd LEGISLATURE

�

PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION

Sponsored by:

Assemblywoman LUANNE M. PETERPAUL

District 11 (Monmouth)

Assemblyman ROBERT D. CLIFTON

District 12 (Burlington, Middlesex, Monmouth and Ocean)

Co-Sponsored by:

Assemblyman Stanley, Assemblywomen Reynolds-Jackson and
Lopez

SYNOPSIS

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

CURRENT VERSION OF TEXT

���� Introduced Pending Technical Review by Legislative
Counsel.

��

An Act

concerning eligibility requirements for a State
small business set-aside program, and supplementing Title 52 of the Revised
Statutes.

����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:

���� 1.� a.� Pursuant to the �Set-Aside
Act for Small Businesses, Female Businesses, and Minority Businesses,�
P.L.1983, c.482 (C.52:32-17 et seq.), when eligibility criteria to qualify as a
small business require a certain maximum number of employees in full-time
positions, this requirement shall only apply to businesses without an
applicable federal revenue standard established at 13 CFR s.121.201.

���� b.� Calculations for gross
revenues of a business that are established to qualify a business as a small
business pursuant to the �Set-Aside Act for Small Businesses, Female
Businesses, and Minority Businesses,� P.L.1983, c.482 (C.52:32-17 et seq.),
shall require that:

���� (1) Gross revenues of a
business that has been in business for five or more completed years shall mean
the revenues of the business over its last five completed tax years divided by five.

���� (2) Gross revenues of a
business that has been in business for less than five complete tax years shall
mean the revenues for the period the business has been in business divided by
the number of weeks in business, multiplied by 52.

���� (3) Gross revenues of a
business that has been in business five or more complete tax years but has a
short year as one of those years shall mean the revenue for the short year and
the four full years divided by the number of weeks in the short year and the four
full years, multiplied by 52.

���� 2.� This act shall take effect
immediately.

STATEMENT

���� 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).