This bill provides New Jersey employers with tax credits of up to $3,000 per qualified employee hired through One-Stop Career Centers. To qualify, employees must have been unemployed for at least 60 days, completed required training at a career center, and earned an industry-recognized credential during that unemployment period. Employers must retain employees for a minimum of 90 days to claim the credit, which applies to both corporation business tax and gross income tax liabilities. The credits cannot exceed 50% of a taxpayer’s liability and may be carried forward for up to seven years if unused. This directly affects New Jersey employers hiring eligible job seekers who completed workforce training programs.
This New Jersey bill (A 769) creates tax credits to help residents and employers offset student loan payments. Eligible residents with an associate's, bachelor's, or graduate degree in STEM fields who worked in New Jersey during the tax year can claim a credit against their state income tax for qualifying student loan payments. Employers also qualify for a credit if they pay employees' student loans directly, with a 50% credit for part-time workers. The credit amount is based on a standard repayment calculation, and unused credits can carry forward for up to seven years. The bill is currently in committee (introduced January 13, 2026).
This bill provides tax credits to New Jersey businesses and individuals for purchasing compressed natural gas (CNG) vehicles. Businesses can claim credits up to $3,500 (2023), $2,500 (2024), or $1,500 (2025) for standard CNG vehicles, and up to $25,000 (2023), $15,000 (2024), or $7,500 (2025) for Class 8 CNG trucks. Individuals may claim credits up to $3,500 (2023), $2,500 (2024), or $1,500 (2025) for personal CNG vehicles under the gross income tax system. To qualify, purchasers must obtain certification from the Environmental Protection Commissioner confirming the vehicle’s CNG use, and unused credits can be carried forward for up to seven years.
This bill provides tax credits to New Jersey-based small businesses during their first three years of operation. It directly affects qualifying startups that are registered in New Jersey, maintain most operations within the state, have no more than 50 employees, and earn under $100,000 net income in their first taxable year. The credit reduces the business's gross income tax liability by 75% in year one, 50% in year two, and 25% in year three. Businesses must apply for approval from the state director to claim these credits, ensuring they aren't using the credit to offset taxes from other unrelated businesses.
This New Jersey bill (A 2486) requires the Division of Taxation to create and maintain a free, online training program specifically for small and micro-businesses. The program will teach how to file and pay state taxes, including corporation business tax, gross income tax, and sales tax. It must be updated as tax laws change and made available on the Division's website. The bill directly affects small and micro-business owners who need help navigating state tax filing processes.
This bill transfers the Division of Food and Nutrition from New Jersey's Department of Agriculture to the Department of Human Services, effective immediately. It appropriates $128.241 million from constitutionally dedicated corporation business tax revenues to the State Agriculture Development Committee for farmland preservation. The funds will pay for acquiring development easements or full ownership of farmland, provide grants to counties/municipalities (up to 80% of costs), and support non-profits (up to 50% of costs) for eligible farmland preservation projects under state laws. All preserved farmland acquired with these funds must include agricultural deed restrictions when resold or leased.
This bill provides tax credits to small business employers (under 25 employees and $1 million annual revenue) and farm employers in New Jersey for increased costs of mandatory insurance. Specifically, it credits businesses for the difference between their current-year expenses on workers' compensation, temporary disability, and unemployment insurance versus what they paid in the prior year. The credit is capped at $12,000 annually per business and applies to both corporation business tax and gross income tax filings. The program runs from 2020 through 2029, helping qualifying small employers offset rising insurance costs.
This bill creates a tax credit for New Jersey businesses that hire workers displaced by automation. Businesses with headquarters in New Jersey can claim a credit equal to 10% of the wages paid to each qualifying employee (capped at $2,500 per employee per tax year), provided the employee was previously laid off due to automation and is retained for at least seven months. The credit applies to both corporation business tax and gross income tax, and the bill defines "automation" as systems replacing human labor without continuous human input. It directly affects New Jersey employers and workers who lost jobs to automation, particularly in counties like Ocean County where many high-risk jobs exist.
This bill gradually reduces New Jersey's Corporation Business Tax (CBT) rate for corporations filing tax returns. It lowers the standard tax rate from 7% for tax years ending after December 31, 2020, to 5% in 2021, 3% in 2022, and 2.5% in 2023. Small New Jersey S corporations with net income under $100,000 will see reduced rates (3.5% for 2020-2021, 2.5% for 2021 onward). The changes apply to corporations calculating tax under existing law, modifying the rate schedule in Section 5 of P.L.1945, c.162.
This bill provides tax credits to New Jersey businesses that hire released nonviolent offenders. Specifically, businesses can claim a 15% credit (up to $900 per employee) on wages paid to these individuals for both corporation business tax and gross income tax. To qualify, the offender must have committed a nonviolent crime (excluding certain offenses involving force), served time or alternative sentencing, and been released into community supervision. Unused credits can be carried forward for up to seven years, but total credits cannot exceed 50% of a business's tax liability. The bill directly affects employers in New Jersey who hire eligible individuals, aiming to incentivize their reemployment.
