This New Jersey bill allows businesses to receive tax credits for employing individuals with developmental disabilities, including those with intellectual disabilities, autism, cerebral palsy, and other neurological conditions. The credits apply to both corporation business tax and gross income tax, providing up to $2,400 per employee based on 40% of the first $6,000 in wages paid annually. The legislation includes safeguards to prevent abuse, such as denying credits if a company replaces existing employees solely to qualify for the benefit or if wages are already claimed under other tax programs. Businesses must apply for these credits through the state director, who will determine eligibility and ensure the total credits do not exceed 50% of the taxpayer's liability.
New Jersey's A 3638 requires employers to provide up to two paid workdays for employees to attend school events involving their children (like conferences or meetings), in addition to existing earned sick leave. Employers covering these costs can claim tax credits equal to the wages paid for this leave, reducing their corporation business tax or gross income tax bill. The tax credits are capped at $10 million annually, and employers must apply through the Department of Labor. This bill directly affects private employers (including nonprofits and corporations) and their employees with school-aged children.
This bill appropriates $55 million from constitutionally dedicated corporation business tax (CBT) revenues and Green Acres funds to the New Jersey Department of Environmental Protection (DEP) for state park and conservation projects. The funds will support specific improvements including boating access facilities, camping development, habitat enhancements, infrastructure repairs (like bridges and buildings), and historic site stabilization across state-managed lands. The money comes from existing dedicated revenue streams established by law and constitutional voter approval, not new taxes. The bill was enacted as P.L.2025, c.188 and is now law, directing the DEP to implement these projects under the "Preserve New Jersey Act" framework.
This bill creates a temporary tax credit for New Jersey employers who build or improve facilities to provide child care for their employees' children. Employers can claim a 50% credit (up to $50,000) against corporation business tax or gross income tax for eligible property expenses, effective for three years after the bill's enactment. To qualify, employers must commit to using the property as a child care center for employees' children for 60 consecutive months and submit documentation to the state tax authority. If the property stops serving this purpose (except in cases of casualty or transfer), employers must repay the credit plus interest. The credit directly affects businesses establishing on-site or contracted child care centers for their workforce.
This bill provides tax credits to New Jersey businesses that install electric vehicle (EV) charging stations for use in their operations. Businesses can claim a credit equal to 25% (up to $500), 15% (up to $300), or 8% (up to $150) of the cost for stations installed in 2014, 2015, or 2016, respectively. To qualify, businesses must obtain certification from the Environmental Protection Commissioner confirming the station meets technical standards for level 2 or level 3 charging. The credit applies against corporation business tax or gross income tax and requires proof of installation and station specifications.
This bill establishes a pilot program in four New Jersey cities (Camden, Trenton, Jersey City, and Paterson) to help college graduates with student loan debt relocate to targeted neighborhoods. Qualified participants (with at least $7,000 in student debt) who commit to living in designated residential areas for 24 months receive $7,000 in student loan reimbursement ($3,500 per year). Targeted neighborhoods must be in census tracts with median household income at or below 60% of the regional median. The program is limited to 200 participants per city and will be funded through business tax credits and existing enterprise zone funds, with a report due after three years evaluating its effectiveness.
S 3558, the "Made in New Jersey Tax Credit Act," provides businesses a tax credit equal to 25% of the cost of purchasing "New Jersey made" products used in their retail sales or manufacturing. It directly affects New Jersey corporations paying the corporation business tax (CBT) that buy qualifying products for their operations. To qualify, businesses must demonstrate that most of their product purchases could have been substituted with New Jersey-made alternatives, excluding costs for products that couldn’t be replaced. The credit can be carried forward for up to seven years if not fully used in the current tax year. A "New Jersey made" product is defined as one with all or virtually all significant parts, processing, and labor originating in New Jersey, containing negligible out-of-state content.
This bill exempts gains from the sale of certain investment properties from New Jersey's corporation business tax and gross income tax. It applies to real estate purchased during a three-year window starting from enactment (ending three years later), provided the property was held for over two years and was not occupied by the owner (excluding vacant land but including subdivided land actively for sale). Eligible properties must be non-residential investment holdings, not vacant or idle land, and the exclusion requires a minimum two-year holding period. The bill aims to incentivize real estate investment by reducing tax liability on qualifying sales.
This New Jersey bill allows businesses to claim a tax credit equal to 10% of wages paid to employees with developmental disabilities (verified by the state’s Division of Developmental Disabilities). The credit is capped at $3,000 per employee and $60,000 total per business annually for both corporation business tax and gross income tax. Businesses cannot claim this credit for the same employee if they also claim credits under existing disability employment programs. The credit applies to wages paid for any employment setting, not just specialized workshops.
This bill establishes a regional farm wage in New Jersey by averaging agricultural wage data from Pennsylvania, New York, and Delaware. Farm employers who pay workers at least this regional wage qualify for tax credits against their business and gross income taxes, calculated based on the amount paid above the current state farm wage but not below the regional rate. The credits can be carried forward for up to four years if not fully used in the current tax period. This policy directly affects New Jersey farm employers who hire workers on a piece-rate or hourly basis for farm labor.
