S 3214 creates the "New Jersey Earn and Learn Program" to provide tax credits for employers offering structured apprenticeships and paid internships that lead to permanent jobs. Employers receive a $3,000 tax credit per enrolled individual (apprentice or intern) for the first year, with an additional $1,000 available for small businesses, for enrollees from underrepresented groups, or if the enrollee secures full-time employment after completing the program. The program requires participants to maintain full-time employment for six months post-program and limits participation to three years per individual. These tax credits reduce the employer's corporation business tax or gross income tax.
This bill provides New Jersey corporations with a tax credit equal to 15% of wages paid to qualified community health workers (up to $2,500 per worker) for both corporation business tax and gross income tax. To qualify, employers must apply to the Commissioner of Health for certification that an employee meets specific criteria: working at least 10 hours weekly, completing a state-approved training program, and not being an independent contractor. The credit is limited to 50% of tax liability per year and may be carried forward if unused. It directly affects New Jersey businesses hiring community health workers - professionals who connect underserved communities to healthcare resources and educate providers about access barriers.
New Jersey's S 572, the Caregiver's Assistance Act, provides a refundable tax credit to residents caring for eligible seniors. It allows qualifying caregivers earning under $100,000 (or $50,000 if filing separately) to claim a credit equal to 22.5% of up to $3,000 in annual care expenses - capped at $675 per year - covering services like home health care, adult day care, and home modifications. The credit applies to seniors aged 60+ (or 50+ with disability benefits) who meet income thresholds, and it is refundable, meaning caregivers can receive cash back if the credit reduces their tax liability to zero. Multiple caregivers sharing responsibility for the same senior must split the credit equally unless they agree otherwise in writing.
This bill creates a New Jersey tax credit for family caregivers of veterans. It allows caregivers to claim a credit equal to 100% of a veteran's disability compensation (up to $675) if the caregiver has gross income under $100,000 (jointly) or $50,000 (single). The credit applies to caregivers of veterans who are honorably discharged and reside with the caregiver in New Jersey for at least six months during the tax year. It expands eligibility beyond the current law by including all honorably discharged veterans, not just those with service-connected disabilities since September 11, 2001.
This bill creates a refundable tax credit for New Jersey renters whose rent exceeds 35% of their gross income. It directly affects low-to-moderate income residents (earning under $60,000 annually) living in the state, with credit amounts based on income level and location: up to 100% of excess rent for those earning under $25,000 (or under $50,000 in high-cost areas), 75% for middle-income renters, and 50% for higher-income renters in non-high-cost areas. The credit, capped at $1,000 per year, is applied against state income tax and can be claimed retroactively for the previous tax year. Renters receiving federal or state housing subsidies instead receive a credit equal to 1/12 of their unsubsidized rent.
This New Jersey bill (S 248) expands the state's child tax credit to include children aged six through 11, while increasing credit amounts for both children under age six and those aged six to 11 over a two-year period. For 2023-2024, taxpayers with children under six receive up to $750 (for income under $30,000) and those with children aged six to 11 receive up to $500 (for income under $30,000), with credits phasing out completely at $80,000 income. Starting in 2025, maximum credits rise to $1,000 for children under six and $600 for children aged six to 11 for low-income households. The credit is refundable and applies to all filing statuses, affecting New Jersey taxpayers with qualifying children in these age groups.
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.
S 1759 increases the portion of rent that counts as property taxes for tax deduction purposes from 18% to 30% for renters whose rental unit is their primary residence. It also raises the maximum property tax credit amount from $50 to $250 for eligible taxpayers, including those aged 65 or older, or who are blind or disabled and not subject to New Jersey income tax. These changes apply to both homeowners and renters who qualify for these tax benefits under New Jersey law. The bill modifies specific definitions and credit thresholds in the state's tax code without altering eligibility criteria.
This bill provides a $250 annual state income tax credit for homeowners within 1,000 feet of Barnegat Bay and its tributaries who replace grass lawns with stone, crushed shells, or similar non-maintenance materials. Property owners who already made this change before the bill's effective date also qualify for the credit. The credit aims to reduce chemical runoff from lawns - like fertilizers and pesticides - that flow into the bay, addressing a key factor in the bay's environmental degradation. It applies to taxable years starting January 1 after the bill takes effect, with tax credit rules to be established by the Division of Taxation.
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.
