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

This bill clarifies eligibility rules for New Jersey's state small business set-aside program, which helps direct government contracts to qualifying small businesses. It specifies that employee size limits apply only to businesses without a federal revenue standard (13 CFR §121.201), and changes how gross revenue is calculated: businesses must now average revenue over five tax years (instead of three), with specific formulas for newer businesses or those with short fiscal years. These rules directly affect small businesses seeking state contracts under the program. The bill was withdrawn after being approved as part of P.L.2025, c.254, so it did not become law.