Provides corporation business tax credits and gross income tax credits to small business employers and farm employers related to increase in State minimum wage.

This bill provides tax credits to New Jersey small businesses (fewer than 25 employees, under $1 million annual revenue) and farm employers to offset increased labor costs from the state's minimum wage hike. It allows credits equal to the difference between the new minimum wage and the prior rate, multiplied by hours worked per employee, capped at $12,500 per employee. Credits apply to both corporation business tax (Section 1) and gross income tax (Section 2), must be calculated based on pre-2019 employee counts if growth occurred, and are available for ten years after enactment. The credits cannot exceed 50% of tax liability and cannot overlap with other business incentives for the same period.