The Small Business Runway Extension Act of 2018 Is Law, So It’s Five Years Instead of Three, But Starting When?

On Monday, December 17, 2018, President Trump signed into law the Small Business Runway Extension Act of 2018. To determine whether a federal contractor qualifies as a small business, the yardstick will now be the average of five years’ gross receipts, instead of the previous average of three years.

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