Provides corporation business tax credit for certain investment in manufacturing equipment and manufacturing facility renovation, modernization, and expansion, or hiring and training of new employees for manufacturing purposes.

This New Jersey bill (A3104) creates a corporation business tax credit for manufacturing businesses that invest in specific activities within designated "Smart Growth Areas." It provides a 10% credit for costs related to new manufacturing equipment, facility renovations/modernization/expansion, or hiring and training new full-time manufacturing employees (retained for 365+ days). The credit applies only to qualified investments meeting defined criteria, such as facilities where over 50% of property is manufacturing equipment, and excludes non-resident employees without reciprocity agreements. Businesses must apply for the credit, and the state requires a report on its effectiveness by 2017.