Budget & Taxes (Business Taxes)

in committee · New Jersey · Senate Jan 13, 2026

S 913: Provides tax credits equal to cost of Jersey Fresh products purchased by breweries and wineries to be used in production of beer or wine.

This bill provides tax credits to New Jersey breweries and wineries for purchasing Jersey Fresh products used in production. Businesses can claim a credit equal to the cost of qualifying Jersey Fresh commodities (verified through Department of Agriculture documentation), up to $10,000 per tax period. To qualify, applicants must submit receipts, verification of Jersey Fresh purchases, and an affidavit confirming the products were used in production. Unused credits may be carried forward for up to 20 years. The credit applies to both corporation business tax and gross income tax liabilities.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits to breweries/wineries, reducing tax burden and supporting business investment in local agricultural products.95% confidence

Sub-Topics Business Taxes Income Tax Procurement

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in committee · New Jersey · Senate Feb 12, 2026

S 1837: Establishes child care contribution tax credit to employers subject to CBT or GIT for certain child care expenses for children of employees.

This bill creates a 50% tax credit for New Jersey employers subject to Corporate Business Tax (CBT) or General Income Tax (GIT) who pay for certain child care expenses related to their employees' children. It covers costs for building/maintaining on-site child care centers, contracting external providers, or subsidizing employees' child care payments, with a $100,000 annual limit per employer. Employers must apply for the credit through the state, submit documentation, and agree to use the funds for eligible child care services. The total credit pool across all employers is capped at $10 million yearly. The bill does not change existing tax rates but reduces tax liability for qualifying employers.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates 50% tax credit for employers, reducing tax liability and aligning with tax relief support for Budget & Taxes.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credit for employers to cover child care benefits, directly supporting employee work-life balance and expanding employment benefits under Labor & Employment policies.85% confidence

Sub-Topics Business Taxes Income Tax Tax Credits

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in committee · New Jersey · Senate Jan 13, 2026

S 616: Provides corporation business tax and gross income tax credits for purchase and installation of electric vehicle charging stations and for commercial zero emission vehicle fleet conversions.

S 616 provides New Jersey businesses with tax credits for installing electric vehicle (EV) charging stations and converting commercial vehicle fleets to zero-emission models. Businesses that purchase and install EV charging stations (capped at $1,000 per station) or buy qualifying zero-emission vehicles (with credits up to $100,000 based on vehicle weight) can claim a 50% credit against corporation business tax or gross income tax. To qualify, businesses must apply for certification from the Environmental Protection Commissioner, proving purchase dates, costs, and installation details, with decisions made within 90 days. The credits apply for five years starting after the bill’s effective date and require submitting certification with tax returns.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits reducing business tax liability for EV infrastructure investment, directly advancing fiscal incentives for targeted economic activity.95% confidence ✓ EnergySupports EnergyProvides tax credits for EV charging infrastructure and zero-emission fleets, directly promoting renewable energy adoption and clean transportation infrastructure.95% confidence ✓ EnvironmentSupports EnvironmentProvides tax credits for EV charging stations and zero-emission fleet conversions, directly promoting clean energy adoption and reducing transportation emissions.90% confidence

Sub-Topics Business Taxes Income Tax Electric Vehicles

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in committee · New Jersey · Senate Jan 13, 2026

S 1852: Provides corporation business tax credits and gross income tax credits to small business employers and farm employers related to increase in State minimum wage.

New Jersey's S 1852 provides tax credits to small businesses (fewer than 25 employees and under $1 million annual revenue) and farm employers to offset increased labor costs from the state's minimum wage hike enacted in 2019. The bill allows a credit equal to the difference between the new minimum wage and the previous rate, multiplied by hours worked, for both corporate business tax and gross income tax. Credits are capped at $12,500 per employee and can be carried forward for up to 10 years. This directly affects small business owners and farm employers paying hourly wages who face higher payroll expenses due to the 2019 minimum wage increase.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits to small businesses to offset minimum wage labor cost increases, reducing their tax burden and supporting fiscal responsibility for employers.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credits to offset minimum wage increase costs, enabling higher wages for workers while supporting small businesses' compliance with wage hike.95% confidence

Sub-Topics Business Taxes Income Tax Labor Standards Minimum Wage

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in committee · New Jersey · Senate Jan 13, 2026

S 2231: Provides temporary corporation business tax and gross income tax credits for certain employer-provided child care expenditures.

This bill provides New Jersey employers with a temporary tax credit of 50% (up to $50,000 per year) against corporation business and gross income taxes for costs spent building, renovating, or improving real property used to operate on-site child care centers. The credit directly affects businesses that construct or maintain facilities primarily serving the children of their own employees. To qualify, employers must commit to operating the child care center for 60 consecutive months and enter a binding agreement with the state director to verify expenses and maintain compliance. The credit is available for three calendar years following the bill's effective date and requires documentation to prevent misuse.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 50% tax credit for employer child care, reducing business tax liability, directly aligning with tax relief indicators for budget/tax policy.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credits for employer child care centers, easing work-life balance for employees and supporting workforce retention through direct workplace benefit expansion.95% confidence

Sub-Topics Business Taxes Income Tax Tax Credits

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in committee · New Jersey · Senate Jan 13, 2026

S 659: Provides corporation business tax and gross income tax credits for certain solar energy system expenditures.

S 659 provides a 35% tax credit for New Jersey taxpayers who install solar energy systems on their property, directly affecting residential homeowners, apartment building owners, and businesses. The credit covers 35% of qualified solar equipment costs (purchase, installation, or long-term leases), with annual limits of $5,000 for single-family homes, $350 per apartment unit, and $500,000 for commercial or industrial properties. Taxpayers must apply for certification from the Environmental Protection Commissioner, and unused credits can be carried forward for up to seven years. The total annual tax credit funding is capped at $25 million across all eligible properties.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 35% tax credit for solar installations, reducing tax liability for homeowners and businesses per bill's explicit tax relief mechanism.95% confidence ✓ EnergySupports EnergyProvides 35% tax credit for solar installations, directly promoting residential and commercial renewable energy adoption through financial incentives.95% confidence ✓ EnvironmentSupports EnvironmentProvides 35% tax credits for solar installations, directly promoting clean energy adoption and reducing fossil fuel dependence per bill summary.95% confidence

Sub-Topics Business Taxes Income Tax Tax Credits Solar

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in committee · New Jersey · Senate Jan 13, 2026

S 476: Provides corporation business and gross income tax credit for employment of persons who have experienced job loss due to automation.

This New Jersey bill (S 476) creates a tax credit for businesses with headquarters in the state that hire workers who lost jobs due to automation. It provides a credit equal to 10% of the salary paid to each qualifying employee (capped at $2,500 per employee per year), provided the business employs them for at least seven months. To qualify, the employee must have previously been laid off because their job was replaced by automation - defined as systems that perform tasks without continuous human input. The credit applies to both corporation business tax and gross income tax, directly benefiting affected workers and incentivizing NJ-based employers to hire them.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates a 10% tax credit for businesses hiring automation-displaced workers, reducing corporate tax liability and incentivizing job creation through tax relief.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credit to incentivize hiring workers displaced by automation, directly supporting reemployment and addressing unemployment impacts from technological change.92% confidence

Sub-Topics Business Taxes Income Tax Tax Credits

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in committee · New Jersey · Senate Jan 13, 2026

S 1360: Establishes gross income tax credit and corporation business tax credit for student loan payments.

This New Jersey bill (S 1360) creates tax credits for residents and employers who pay student loans used for higher education expenses. Qualified taxpayers (New Jersey residents with associate’s, bachelor’s, or graduate degrees in STEM fields who worked in the state) can claim a credit against their state income tax equal to a portion of their student loan payments, based on a federal benchmark. Employers can also claim a credit for paying employees’ eligible student loans (100% for full-time, 50% for part-time), with unused credits carried forward up to seven years. The bill specifically targets STEM graduates and aims to reduce student debt burden through state tax incentives.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits reducing state income tax liability for eligible STEM workers and employers, aligning with tax relief indicators for support.95% confidence ✓ EducationSupports EducationTax credits for student loan payments in higher education reduce financial barriers for STEM graduates, promoting access and retention in education-related careers.92% confidence

Sub-Topics Business Taxes Income Tax Tax Credits Student Financial Aid

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in committee · New Jersey · Senate Jan 13, 2026

S 1612: Provides corporation business and gross income tax credits for acquisition of qualified farming equipment.

This New Jersey bill (S 1612) provides a 10% tax credit against corporation business tax and gross income tax for farmers who purchase qualified farming equipment. It directly affects New Jersey farmers engaged in eligible operations - such as growing crops, raising livestock, or aquaculture - by allowing them to reduce their tax liability by up to 10% of equipment costs. To claim the credit, farmers must obtain certification from the New Jersey Department of Agriculture confirming their operation qualifies and equipment was acquired, with strict deadlines for processing. The credit cannot exceed 25% of a farmer’s tax liability for the year and may be carried forward if unused.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 10% tax credit reducing farmers' tax liability, aligning with tax relief indicators for eligible operations.90% confidence

Sub-Topics Business Taxes Income Tax Tax Credits Tags Agriculture

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in committee · New Jersey · Senate Jan 13, 2026

S 739: "New Jersey Loves New Jersey Farmers Act"; provides corporation business tax credits and gross income tax credits to commercial farm operators for price loss.

S 739, the "New Jersey Loves New Jersey Farmers Act," provides tax credits to New Jersey commercial farm operators who grow crops for human consumption (like fruits and vegetables) but not livestock feed. It allows these farms to claim credits against corporation business tax or gross income tax equal to certified "price loss" (revenue loss from falling crop prices), verified by the State Agriculture Secretary. The credits are limited to 50% of tax liability per year and can be carried forward for up to seven years if not fully used. This directly benefits farm businesses experiencing price declines, offering financial relief tied to verified market losses.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits against corporation/business tax, reducing farm operators' tax liability for price losses, directly advancing tax relief under state tax system.95% confidence

Sub-Topics Business Taxes Income Tax Tags Agriculture

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