Establishes gross income tax credit and corporation business tax credit for student loan payments.

This New Jersey bill (A 769) creates tax credits to help residents and employers offset student loan payments. Eligible residents with an associate's, bachelor's, or graduate degree in STEM fields who worked in New Jersey during the tax year can claim a credit against their state income tax for qualifying student loan payments. Employers also qualify for a credit if they pay employees' student loans directly, with a 50% credit for part-time workers. The credit amount is based on a standard repayment calculation, and unused credits can carry forward for up to seven years. The bill is currently in committee (introduced January 13, 2026).