Provides corporation business tax and gross income tax credits for employing immediate family members of members of the Armed Forces of the United States who were killed in action.

This New Jersey bill creates tax credits for businesses that hire immediate family members (spouse, child, or parent) of military personnel killed in action. Employers receive a 10% credit on qualified wages paid to these new full-time employees, capped at $1,200 per family member annually, for employment lasting at least nine consecutive months. The credit is nonrefundable but can be carried forward for up to 20 years, and it cannot be combined with other state employment tax credits. The bill applies to wages subject to New Jersey's Gross Income Tax and includes provisions for recapturing credits due to noncompliance.