Provides tax credits to companies contributing to loan and loan redemption program for residents who attend institutions of higher education in State and work at such company upon graduation.

This bill creates a New Jersey Talent Retention Loan and Loan Redemption Program that offers students attending colleges in New Jersey loans (up to $40,000 for bachelor's degrees) that can be partially forgiven based on employment with participating companies. Companies contributing to the program's fund receive tax credits equal to 50% of their contribution in the year of contribution, plus an additional 50% over time as long as they employ the student. To qualify, students must be New Jersey residents who graduated from a New Jersey high school, maintain good academic standing, and agree to work for a participating company for up to four years after graduation. The program aims to keep college graduates in New Jersey by linking financial aid to local employment opportunities with companies that fund the program.