This bill (A 1238) changes New Jersey's farmland assessment rules to include forested lands and woodlands used for producing USDA-designated specialty crops, such as maple syrup. It directly affects landowners growing these specialty crops on forested property by exempting them from the standard requirement to submit a woodland management plan. The key provision allows these lands to qualify for agricultural assessment status without the usual management plan, provided the crops are officially designated as specialty crops by the USDA. Landowners must still submit annual applications documenting the specialty crop production and USDA designation to maintain the assessment benefit.
This bill (A-2573) updates New Jersey's NJBEST program, which helps families save for education expenses. It increases the tax-free asset protection threshold from $25,000 to $50,000 per account, expands tax deductions for contributions (up to $15,000 annually for lower-income filers), and creates new matching grants: $1,000 for initial deposits by low-income account holders and $500 for transfers from out-of-state 529 plans. The bill also establishes an advisory council to guide program management and clarifies that grant funds are not counted as taxable income. These changes directly benefit New Jersey residents opening or contributing to NJBEST accounts, particularly lower-income families.
This bill imposes a 50% tax on gross receipts from contracts between private companies and public entities for operating carceral facilities in New Jersey (e.g., private jails or detention centers). It directly affects private businesses running such facilities, requiring them to pay the tax annually based on their prior year’s revenue from these contracts. All tax revenue must be deposited into a new "Immigrant Protection Fund," which the state will use exclusively to fund immigration-related services. The fund is non-lapsing, meaning money stays available for future appropriations without annual renewal.
This bill provides a temporary tax credit for New Jersey residents who are either first-time homebuyers (purchasing a home in 2019, 2020, or 2021) or seniors aged 65+ during the tax year. Eligible taxpayers receive a credit equal to 25% of their property taxes paid on their primary home, capped at $2,500 per year. The credit reduces income tax liability, and any unused portion is refunded directly to the taxpayer. The credit applies only for tax years 2019 through 2021, offering short-term relief for qualifying homeowners.
This bill allows eligible New Jersey educators (teachers in public or nonpublic K-12 schools) to deduct up to $1,200 from their taxable income for unreimbursed classroom supply expenses. It defines "classroom supplies" as items like books, pencils, computers, lab equipment, and other daily teaching materials. The deduction applies only to expenses not covered by the school and takes effect after enactment for future tax years. The bill does not change tax rates but provides a direct tax benefit for educators covering out-of-pocket costs.
This bill, the "Homestead School Property Tax Reimbursement Act," would provide a 50% reimbursement for the school portion of property taxes paid by eligible seniors aged 65 or older. To qualify, applicants must own or lease a homestead (including traditional homes, mobile homes in parks, condos, or cooperatives) as their primary residence, with income limits of $35,000 in the first year, $75,000 in the second year, and no limit thereafter. The reimbursement covers half the school tax portion paid on qualifying property, excluding commercial units or secondary residences, and adjusts for existing tax reductions. The bill is currently pending before the Assembly State and Local Government Committee (introduced January 13, 2026).
This bill provides tax credits to New Jersey businesses that hire and retain neurodiverse employees in STEM/AI roles. Businesses receive credits of up to $9,000 per full-time employee (or $4,500 for part-time) annually, increasing with each consecutive year of employment. To qualify, employees must earn at least minimum wage, work in eligible STEM/AI positions (not as contractors), and be certified by the Division of Vocational Rehabilitation as neurodiverse. The credits reduce corporate and gross income tax liability, capped at 50% of tax owed, and require employers to submit certification applications for eligible workers.
This bill creates a $1,500 nonrefundable tax credit for New Jersey residents who meet specific criteria: graduating from a New Jersey high school and a New Jersey institution of higher education with a 3.5+ GPA, then working full-time (25+ hours/week) for a New Jersey employer within two years of graduation. The credit applies only to the first five consecutive tax years of eligible employment and cannot reduce tax liability below zero. It directly affects New Jersey graduates who pursue higher education and employment within the state, aiming to encourage retention in the state workforce. The credit is limited to undergraduate degree holders from public or private NJ institutions meeting the GPA and employment requirements.
This bill provides tax credits to electricity generators (companies operating power plants) who increase their energy output by at least 5% through qualifying infrastructure upgrades. Generators can claim credits covering up to 75% of upgrade costs or $5 million per company, whichever is lower, to offset Corporate Business Tax and gross income tax. To qualify, generators must apply for certification showing the 5% production increase, documenting specific upgrades like efficiency improvements, grid technology, or renewable energy integration. The total credits across all generators are capped at $100 million statewide, and unused credits may be carried forward for up to four tax years. The program requires documentation of actual energy production changes and prohibits double-counting with other tax benefits.
This bill authorizes New Jersey to issue $150 million in state bonds to help municipalities purchase development rights (easements) on land proposed for warehouse construction. It directly affects municipalities and landowners by providing state funding to prevent warehouse development on agricultural or open-space properties, preserving farmland and community character. Key provisions require municipalities to match state funds at 50% and secure permanent easements that restrict development while allowing farming and single-family homes. The program aims to address fiscal and environmental concerns tied to warehouse projects, such as traffic impacts and loss of farmland, without mandating specific land use changes.
