The "New Jobs for New Jersey Act."

This bill creates a tax credit program for small private businesses in New Jersey (with ≤100 average full-time employees) that hire unemployed workers. Employers qualify for a credit equal to their payroll taxes paid for each new full-time hire who was unemployed for at least 30 days prior to being hired. The credit is capped at the net increase in full-time staff compared to the year before April 2021. Businesses must apply for the credit, and the state must report annually on program costs, jobs created, and economic impacts through 2027.