This bill (A 3906) requires New Jersey state agencies to apply a price discount (up to 5%) to bids for asphalt or concrete when using pervious pavement materials on public construction projects. It directs the Department of Environmental Protection to create a stormwater management hierarchy ranking materials by their ability to reduce runoff and filter contaminants. Taxpayers purchasing pervious pavement for municipal, county, or state projects can claim a credit against certain taxes. The bill directly affects state agencies, contractors working on public projects, and businesses selling these materials, aiming to promote environmentally beneficial paving through procurement incentives and tax relief.
This bill allows New Jersey corporations to claim a 1% tax credit against their corporation business tax for payments made to NJ small businesses that perform subcontracted work within the state. It directly affects corporations doing business in New Jersey that subcontract work they were contracted to perform. To qualify, the subcontractor must be a New Jersey business with fewer than 50 employees and not affiliated with the paying corporation, and the work must be performed in New Jersey. The credit is limited to 50% of the tax liability and cannot reduce taxes below the statutory minimum.
This bill would create a refundable tax credit for New Jersey residents who make extra principal payments on their primary home mortgage beyond the required minimums. The credit equals 50% of the excess payments (up to $1,000 annually) for mortgages on a primary residence that qualify as "traditional" (15-30 year loans with level payments). It applies only to single filers with income between $125,000-$135,000 or joint filers with income between $250,000-$270,000, with the credit amount reduced based on income in these ranges. The credit cannot be claimed for more than 10 consecutive tax years.
This bill provides New Jersey taxpayers with a refundable tax credit of up to $500 per year for costs paid to high-impact tutors. It directly affects individual taxpayers who use tutoring services proven to significantly improve student learning through research, as defined in the bill. The credit applies to the tax year the tutoring is received, and if it reduces a taxpayer’s total tax liability to zero, the remaining credit amount is paid as a cash refund. The credit is limited to one claim per married couple filing separately.
This New Jersey bill creates a refundable tax credit of up to $5,000 per year for residents who owe at least $5,000 in student loans from a qualifying institution of higher education. To qualify, taxpayers must have accumulated $20,000 in student debt for education expenses and submit proof of loan payments with their tax return. The credit must be used to repay student loans within two years of receiving it, with priority given to low-income residents and New Jersey graduates. Annual funding is capped at $10 million to cover refunds when the credit reduces tax liability to zero.
ACR 97 proposes a constitutional amendment requiring New Jersey's Legislature to create a $200 property tax credit for the primary residence of volunteer firefighters or first aid/rescue squad members. It directly affects volunteer emergency responders who serve as active members of qualifying fire companies or squads incorporated under state law. The key mechanism mandates that any statute enacted under this amendment must require the state to annually reimburse municipalities for the full cost of these tax credits. This policy change would provide a fixed tax benefit to eligible homeowners without increasing local tax burdens.
This bill provides New Jersey taxpayers adopting foster children with a credit against their state gross income tax for eligible adoption expenses. The credit covers medical, therapeutic, and counseling costs for "special needs" children and lasts until the child turns 18 (or 21 with special education needs), or for life if the child has a severe disability certified by state disability directors. It directly affects adoptive parents of foster children who qualify as "special needs" under state definitions. The credit applies annually to taxable years beginning after January 1, 2008, and requires the Division of Taxation to create implementing rules. The bill is pending in the Assembly Children, Families and Food Security Committee.
This bill creates a New Jersey gross income tax credit for taxpayers who pay for licensed child care for children under six years old. The credit amount (15% to 20% of expenses) depends on the child care center's Grow NJ Kids rating (3 to 5 stars), with higher-rated centers offering larger credits. Taxpayers earning under $25,000 annually can receive the full credit as a cash refund if it exceeds their tax bill, while higher-income taxpayers may carry forward unused credit to the next tax year. The credit cannot be claimed alongside New Jersey's existing child and dependent care credit.
This New Jersey bill provides a tax credit for businesses that retrofit existing warehouses (at least 100,000 sq ft used for storage) with designated solar-ready zones. The credit, capped at $250,000 per warehouse or 50% of retrofit costs, is only available after solar panels are actually installed on the prepared zone. Businesses can claim this credit for up to eight qualifying warehouses in a single tax year. The program has a total funding limit of $25 million across all claims, and the state tax authority must verify solar panel installation before issuing credits. It aims to incentivize solar infrastructure in commercial storage facilities through direct financial support.
This bill increases New Jersey's child tax credit for families with children under age 12. It raises the income limit for full eligibility from $80,000 to $100,000 annually and boosts maximum credit amounts: up to $2,600 per child under age six for lower-income families, and $2,000 per child aged six to 11. The credit phases out gradually as income rises above $50,000, with no reduction for households earning $50,000 or less. It applies to New Jersey residents filing state tax returns with qualifying children under 12.
