S 2015 requires most New Jersey employers to provide up to two full paid workdays for employees to attend their children's school events (like conferences or meetings), in addition to existing earned sick leave. Employers offering this benefit would receive tax credits equal to the wages paid during those days, reducing their corporate or income tax liability. The tax credits are capped at $10 million annually, with reports to the legislature on program usage. The bill is pending and would take effect in 2025.
S 2215 creates a three-year pilot program in New Jersey that allows commercial farms to claim tax credits for donating edible fruits and vegetables to qualified charities. Farms can receive a credit equal to 50% of the wholesale value of their donations (capped at $5,000 per donation period), provided they obtain written verification from the charity detailing the donation. The program is limited to $100,000 in total tax credits per fiscal year and requires farms to submit charity verification forms to the Department of Agriculture for approval. This directly affects commercial farm operators in New Jersey who donate surplus produce to eligible charities, offering a financial incentive to reduce food waste while supporting community food programs.
This bill allows business owners in New Jersey to exclude capital gains tax from selling company shares to employee ownership structures, specifically benefiting small businesses (under 500 employees, not publicly traded, with NJ headquarters). To qualify, the sale must transfer ownership to an employee stock ownership plan (ESOP), a NJ S-corp owned by an ESOP, or a worker-owned cooperative, with employees gaining at least 30% ownership after the transaction. The tax exclusion requires pre-approval from the New Jersey Economic Development Authority (NJEDA), which verifies the deal will retain full-time NJ jobs and yield a net economic benefit to the state (measured by retained tax revenue and reduced unemployment claims). It aims to incentivize small business owners to sell to employees instead of outside buyers, preserving local jobs and state tax revenue.
This bill provides New Jersey businesses with tax credits for hiring disabled veterans. Specifically, businesses receive a 15% credit (capped at $1,800 per veteran) on qualified wages paid to disabled veterans with a 30%+ VA disability rating who are hired after the bill's enactment and employed for at least 185 business days. The credit applies to wages paid between 2023 and 2026 for both corporation business tax and individual gross income tax. Businesses cannot claim this credit if the same wages are used for other state tax credits, and they must avoid displacing other employees solely to access the benefit.
This bill allows small New Jersey businesses with fewer than 20 employees to claim tax credits when they pay for their workers' health insurance premiums. Employers get up to $250 per employee for single coverage or $500 for family coverage if they pay 100% of the premium, with proportional credits for partial payments (50-99%). The health plan must meet federal Affordable Care Act standards for essential benefits. Credits cannot exceed the actual premiums paid and expire after the tax year - no carryover to future years. It applies to both corporate business tax and gross income tax credits.
S 138 allows eligible New Jersey taxpayers - including self-employed individuals, independent contractors, and employees - to deduct unreimbursed home office expenses (like computers, desks, and supplies) incurred during the pandemic. It applies specifically to home offices used as a "principal place of business" due to pandemic restrictions, meaning the home was the main work location when other options were unavailable or limited. The deduction covers costs for necessary equipment and supplies used exclusively for work, retroactively applying to taxable years during the Governor’s declared emergency (Executive Order No. 103 and extensions). This policy directly benefits workers who shifted to remote work during the pandemic but lacked employer reimbursement for home office costs.
This bill allows New Jersey taxpayers to voluntarily redirect a portion of their state income tax refund (or make a separate contribution) into a dedicated "School Aid Contribution Fund." The collected funds are required to supplement, not replace, the state's annual school aid budget, with all money deposited into the fund being annually appropriated to school districts through the existing school funding formula. Taxpayers can choose to contribute via their tax return, and the Legislature must use all collected funds to increase school aid without reducing the prior year's state funding level.
S 2264 establishes the "New Jersey Reproductive Health Care Equitable Access Fund" within the state Treasury. Taxpayers can voluntarily add a contribution to their New Jersey gross income tax return to support this fund, with net contributions (after administrative costs) deposited into it. The Legislature would annually allocate all funds in the account equally to the three largest Medicaid reproductive health care providers in the state, requiring them to use the money to provide services (including pregnancy-related care and pregnancy termination) to low-income individuals who cannot afford them. The bill defines "reproductive health care services" broadly to cover medical, surgical, counseling, and referral services related to the human reproductive system. The bill was introduced in the Senate on January 13, 2026, and referred to the Health Committee.
This bill creates a program to help mental health professionals working with children and adolescents in New Jersey reduce student loan debt. It provides two direct financial incentives: (1) up to $1,000 per year in loan redemption payments (capped at four years total) for licensed professionals employed full-time in this field, and (2) a $1,000 tax credit against state income tax for qualifying professionals. To qualify, participants must be New Jersey residents, hold relevant licenses, maintain full-time employment serving minors, and have outstanding eligible student loans. The program is administered by the Higher Education Student Assistance Authority and requires annual proof of residency and employment. The bill is pending before the Senate Higher Education Committee.
This bill extends New Jersey's $6,000 gross income tax exemption for veterans to their surviving spouses. Currently, spouses can claim the exemption only in the year a veteran dies (if filing jointly), but not in subsequent years. The bill would allow surviving spouses to continue claiming the exemption annually until they remarry, provided the veteran was eligible for the exemption in the year they died. This change directly affects spouses of deceased veterans who were honorably discharged and received the tax benefit. The exemption reduces taxable income for qualifying households, lowering their state tax liability.
