Small Business Administration (SBA) revises size standards for Heating Oil and Propane Dealers

The Small Business Administration has revised the small business size standards for Heating Oil Dealers and Liquified Petroleum Gas Dealers. The final rule revises the standard for North American Industry Classification System (NAICS) code 454311, Heating Oil Dealers, from $11.5 million in average annual receipts to 50 employees; and it revises the size standard for NAICS code 454312, Liquefied Petroleum Gas (Bottled Gas) Dealers, from $6.5 million in average annual receipts to 50 employees. The revised size standards stabilize the definition of the size of a small business in these industries based on a review of the latest available data on industry characteristics and other relevant information. The revised size standards are effective August 21, 2008. You may read and or download the final rule at http://www.regulations.gov. Use RIN-3245-AF67 as your search term. It is also available here.