The SBA will be
adopting the period of measurement for receipts-based size calculations from
three (3) years to five (5) years, effective January 6, 2020.
This long-awaited change is the result from the Small Business Runway Extension
Act from 2018. The SBA made the final rulemaking today, December 5, 2019.
SBA is allowing a two year transition period until January 6, 2022, during this
time firms may choose to use the current three (3) year calculation or the new
five (5) year calculation. After January 6, 2022, all companies must adopt the
new five (5) year period of measurement in determining size under the receipts
based calculation.
View the final Rulemaking
via the Federal Register HERE
