Provides corporation business tax and gross income tax credits to long-term care facilities that increase number of residential units reserved for single occupancy by at least five percent.

Bill A 3677 provides tax credits to New Jersey long-term care facility operators who increase single-occupancy residential units by at least 5%. Specifically, facilities licensed under NJ law (including nursing homes and assisted living residences) can claim a $100 credit for every 5% increase in single-occupancy units, capped at $2,000 per year against either corporation business tax or gross income tax. The credit applies only to new single-occupancy units added during the tax year and cannot reduce tax liability below zero. This policy directly affects facility owners seeking to expand single-occupancy options while receiving financial incentives through state tax relief.