Budget & Taxes (Business Taxes)

in committee · New Jersey · Senate Jan 13, 2026

S 945: Provides CBT and GIT tax credits to certain food and drink establishments for purchase of certain local ingredients and products.

This bill creates tax credits for New Jersey restaurants, bars, breweries, wineries, and food manufacturers that purchase local ingredients. Businesses can claim a 10% credit on qualifying purchases of NJ-grown fruits, vegetables, or other ingredients (capped at $10,000 per year), provided they submit receipts, proof of local origin, and menus or documentation showing the ingredients are used in food/beverage preparation. The credit applies against corporate business tax liability, cannot exceed 50% of the tax due, and may be carried forward for up to 20 years if unused. It directly supports local farms and food producers by incentivizing New Jersey-based sourcing for food and drink establishments.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 10% tax credit for local ingredient purchases, reducing corporate tax liability for qualifying businesses, aligning with tax relief support.90% confidence

Sub-Topics Business Taxes

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in committee · New Jersey · Senate Jan 13, 2026

S 2860: Establishes Artificial Intelligence Apprenticeship Program and artificial intelligence apprenticeship tax credit program.

This bill establishes a new Artificial Intelligence Apprenticeship Program within New Jersey's Department of Labor to create training opportunities in AI technology, data analytics, and automation. It also creates a tax credit for employers hiring qualified AI apprentices, allowing them to claim up to $5,000 per apprentice (half of wages paid, capped at $5,000) for taxable years beginning in 2026. To qualify, employers must hire unskilled or semi-skilled apprentices for at least 20 weeks in a program meeting state and federal standards, covering roles like generative AI development. The program will partner with AI companies and educational institutions to design training pathways. The tax credit applies to both corporate business tax and gross income tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit program for employers hiring AI apprentices, providing direct tax relief as a fiscal incentive under Budget & Taxes policy.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentCreates AI apprenticeship program and tax credit for training workers, advancing employment opportunities and workforce development within labor-focused Department of Labor.90% confidence ✓ TechnologySupports TechnologyBill establishes AI apprenticeship program and tax credit to fund AI workforce development, directly advancing technology training and industry adoption.95% confidence

Sub-Topics Business Taxes Income Tax Tax Credits Apprenticeships Artificial Intelligence

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in committee · New Jersey · Senate Jan 13, 2026

S 2469: "Garden State Manufacturing Jobs Act."

This bill creates a new "Garden State Corporation" status for New Jersey manufacturing companies. To qualify, businesses must operate primarily in New Jersey, elect half their board members from employees (with equal voting rights), and include specific terms like "Garden State" in their name. Qualifying corporations receive significant tax credits: up to 60% off state corporate tax for the first five years if also certified as a benefit corporation, decreasing to 30% over nine years. The bill directly affects manufacturers choosing this status and aims to incentivize local job retention and worker representation.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides significant corporate tax credits (up to 60% off for 5 years), directly reducing state tax revenue to incentivize manufacturing jobs and business compliance.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentMandates employee-elected board members with equal voting rights, directly advancing worker representation and rights in corporate governance.95% confidence

Sub-Topics Business Taxes

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in committee · New Jersey · Senate Jan 13, 2026

S 444: Provides corporation business tax credits and gross income tax credits for purchase of certain hydrogen fuel cell vehicles.

This bill provides tax credits to businesses that purchase hydrogen fuel cell vehicles for use in their operations. Specifically, it allows a 25% credit (up to $15,000) for 2023 purchases, decreasing to 15% ($9,000) in 2024 and 8% ($5,000) in 2025. To qualify, businesses must obtain certification from the Environmental Protection Commissioner confirming the vehicle meets the definition of a hydrogen fuel cell vehicle (powered by hydrogen cells converting chemical energy to electricity). The credits apply against corporation business tax and gross income tax, with limits preventing credits from exceeding 50% of tax liability. The bill is currently pending in the Senate Environment and Energy Committee.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides business tax credits (25-8% of purchase cost) for hydrogen vehicles, directly advancing tax policy through fiscal incentives for qualifying businesses.95% confidence ✓ EnergySupports EnergyProvides tax credits for hydrogen fuel cell vehicles, promoting renewable energy adoption and reducing fossil fuel dependence per clean energy indicators.95% confidence ✓ EnvironmentSupports EnvironmentPromotes clean hydrogen vehicle adoption via tax credits, reducing emissions and aligning with environmental protection goals.90% confidence ✓ TransportationSupports TransportationProvides tax credits for hydrogen fuel cell vehicles, promoting sustainable transportation and eco-friendly vehicle adoption per bill's incentives.92% confidence

Sub-Topics Business Taxes Income Tax Electric Vehicles Electric Vehicles

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in committee · New Jersey · Senate Jan 13, 2026

S 2195: Provides corporation business tax and gross income tax credits for businesses that employ apprentices in DOL registered apprenticeships.

New Jersey's S 2195 provides tax credits to businesses that hire apprentices in U.S. Department of Labor (DOL)-registered programs. Businesses can claim a $1,000 base credit per apprentice per tax period, with an additional $2,000 for veterans, displaced workers, those from underrepresented groups, or individuals previously incarcerated. To qualify, apprentices must be employed for at least seven months during the tax period, and credits cannot exceed four tax periods per apprentice. The bill prohibits using these credits to displace existing workers or undermine collective bargaining agreements.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits to businesses for hiring apprentices, reducing taxable liability and incentivizing workforce development, aligning with tax relief support.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credits for apprenticeships with enhanced incentives for veterans/displaced workers, promoting workforce development and employment opportunities for underrepresented groups.90% confidence ✓ VeteransSupports VeteransBill offers $2,000 tax credit per veteran apprentice hired, directly incentivizing veteran employment through business tax incentives.90% confidence

Sub-Topics Business Taxes Income Tax Apprenticeships Collective Bargaining

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in committee · New Jersey · Senate Jan 13, 2026

S 615: Provides CBT tax credit for retrofit of existing warehouses with solar-ready zone once solar panels are installed.

This bill provides a tax credit against New Jersey's corporation business tax for businesses that retrofit existing warehouses (100,000+ square feet used for storage) with a designated solar-ready zone and install solar panels. The credit covers up to 50% of retrofit costs or $250,000 per warehouse, with a maximum $25 million total for all taxpayers. To qualify, businesses must prove solar panels are installed after retrofitting and meet specific roof-area requirements for the solar-ready zone. The credit applies to up to eight warehouses owned by the same business in one tax period.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing corporate tax liability for solar retrofits, incentivizing renewable energy adoption through fiscal policy.95% confidence ✓ EnergySupports EnergyProvides tax credit for solar retrofits on warehouses, directly promoting renewable energy adoption and infrastructure investment.95% confidence ✓ EnvironmentSupports EnvironmentProvides tax credit for solar retrofits, directly promoting clean energy adoption and reducing emissions through renewable infrastructure incentives.95% confidence

Sub-Topics Business Taxes Tax Credits Solar

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in committee · New Jersey · Senate Jan 13, 2026

S 1851: Provides corporation business tax credits and gross income tax credits to farm employers for providing lodging or transportation benefits.

This bill provides New Jersey farm employers with tax credits for offering lodging or transportation benefits to their hourly or piece-rate farm workers. Employers can claim up to $250 per employee for qualifying lodging (must be on-site, required for employment, and provided for at least six weeks) and up to $500 per employee for transportation benefits (reimbursing actual commute costs like public transit or fuel). The credits apply against corporate business tax and gross income tax, but cannot exceed 50% of the tax liability. Unused credits may be carried forward for up to four years, and benefits cannot overlap with other tax credits or incentives.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits to farm employers against corporate/business tax, reducing tax liability and incentivizing worker benefits under state tax code.85% confidence ✓ TransportationSupports TransportationBill explicitly provides tax credits for reimbursing public transit commutes, directly incentivizing transportation benefits for workers and supporting public transit use.95% confidence

Sub-Topics Business Taxes Income Tax Public Transit

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in committee · New Jersey · Senate Jan 13, 2026

S 2950: Provides CBT and GIT credits for completion of qualified residential housing projects at abandoned commercial building sites.

S 2950 creates tax credits for businesses that convert abandoned commercial buildings (defined as 100,000+ square feet) into residential housing. Developers qualify for a credit equal to 25% of eligible construction costs (up to $1 million per project), covering expenses like demolition, site cleanup, and building repurposing. The credit applies to both New Jersey’s Corporation Business Tax and Gross Income Tax. To claim it, businesses must complete the project before applying and submit documentation to the Division of Taxation. This policy directly affects developers redeveloping underutilized commercial sites into housing.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits (25% of costs) for businesses under NJ's CBT/GIT, directly advancing tax policy to incentivize housing development.95% confidence ✓ HousingSupports HousingProvides tax credits to convert abandoned commercial buildings into residential housing, directly incentivizing housing development and increasing housing supply through financial incentives.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives Affordable Housing Historic Preservation

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in committee · New Jersey · Senate Jan 13, 2026

S 1622: Provides tax credits for hiring certain military spouses.

S 1622 creates a tax credit program for New Jersey employers who hire military spouses who are nonresidents of the state but live in New Jersey due to their spouse's military service (such as being transferred here, legally domiciled here, or moving on a permanent change-of-station). Employers receive a credit equal to 15% of wages for military spouses working 120-400 hours per year or 25% for 400+ hours, capped at $2,400 per employee annually. The credit reduces corporation business tax or gross income tax and requires employers to apply through the Commissioner of Labor and Workforce Development. The bill directly supports military spouses facing employment disruptions from frequent military relocations.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing employer tax liability (15-25% wage credit), aligning with tax relief for business incentives under Budget & Taxes policy.92% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill creates tax credits for employers hiring military spouses, directly incentivizing employment for a vulnerable workforce group and expanding job opportunities without restricting labor protections.95% confidence

Sub-Topics Business Taxes Income Tax Tax Credits Workforce Development

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in committee · New Jersey · Senate Jan 13, 2026

S 114: 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 bill creates tax credits for New Jersey employers who hire immediate family members (spouse, child, or parent) of military members killed in action. Employers receive a 10% credit on qualified wages paid to these new hires, capped at $1,200 per family member per tax year, provided the employee works full-time for at least nine consecutive months. The credit is nonrefundable but can be carried forward for up to 20 years, and employers cannot combine it with other state tax credits for the same wages. It applies to both corporation business tax and gross income tax, effective for tax years starting after the bill's enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits reducing employer tax liability for hiring military families, directly advancing state tax policy through targeted relief.95% confidence ✓ VeteransSupports VeteransProvides tax credits for hiring family members of military members killed in action, directly supporting veteran families through employment incentives and recognition.95% confidence

Sub-Topics Business Taxes Income Tax Military Families Veteran Employment

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