S.3401

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

Introduced·6/6/24
Introduced Text

New Jersey S3401 establishes eligibility requirements for the State small business set-aside program.

New Jersey S3401 establishes eligibility requirements for the State small business set-aside program. It clarifies that only businesses without an applicable federal revenue standard are required to have a certain maximum number of employees. The bill also alters the definitions of gross revenue, requiring businesses in business for five or more completed years to have their revenues over the last five completed tax years divided by five.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
In committee
Next
Session adjourned — paused until it reconvenes

Sponsors

DDDDDDD
7
2
RR
Democratic CaucusRepublican Caucus

Roll Call Votes

Senate State Government, Wagering, Tourism & Historic Preservation Committee: Reported Favorably

5 Yea

DRDDR

0 Nay

Calendar

Jun 19, 2025

10:00 AM

Senate State Government, Wagering, Tourism & Historic Preservation Hearing

History

Dec 18, 2025

Senate

Substituted by A4928

Jun 19, 2025

Senate

Reported from Senate Committee, 2nd Reading

Jun 6, 2024

Senate

Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee