Budget & Taxes (Business Taxes)

in committee · New Jersey · General Assembly Jan 13, 2026

A 3295: Provides CBT and gross income tax credit for certain capital investments in film production facility.

This bill proposes a 30% tax credit against New Jersey's corporation business tax and gross income tax for businesses making qualifying capital investments in film production facilities. It directly affects film production companies that invest at least $30 million in facilities meeting specific size requirements (50,000+ square feet with one sound stage) during the 2020-2028 period. Key provisions include allowing tax credits to be transferred to other businesses for private financial assistance (at minimum 75% of value), capping annual credits at $100 million total, and requiring facility approval by the New Jersey Economic Development Authority. The credit applies only to new investments meeting the size and cost thresholds, not to existing facilities or other tax benefits.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 30% tax credit against corporate/business tax for film investments, directly advancing tax relief for qualifying businesses per bill's tax credit structure.90% confidence

Sub-Topics Business Taxes Income Tax Tax Credits

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in committee · New Jersey · General Assembly Jan 13, 2026

A 3193: Eliminates $375 minimum Corporation Business Tax on New Jersey S corporations with New Jersey gross receipts of less than $100,000.

This bill eliminates a $375 minimum tax for New Jersey S corporations with New Jersey gross receipts under $100,000 annually. It directly affects small New Jersey S corporations (pass-through business entities) that generate less than $100,000 in total revenue within the state. The key change removes the minimum tax obligation, meaning these businesses will pay no tax if their calculated tax liability is below $375, while other tax rules remain unchanged. This applies to S corporations with qualifying low gross receipts, not to other business types.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates $375 minimum tax for small S corps under $100k revenue, providing direct tax relief to small businesses. Aligns with support indicators of reducing tax burden on lower-income entities.95% confidence

Sub-Topics Business Taxes

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in committee · New Jersey · General Assembly Jan 13, 2026

A 3846: "Road to Tax Relief Act"; provides credit for sales tax remittances for businesses impacted by public highway projects, including Interstate 80 project; provides tax credits for certain businesses and persons impacted by same projects; makes appropriation.

This bill provides tax relief to small retail businesses (50 or fewer full-time employees) located in areas affected by public highway construction projects, such as the I-80 project. It creates two main credits: (1) a refundable credit against sales tax remittances for businesses in impacted zones during construction, and (2) a credit against business privilege tax based on verified revenue loss. Businesses must apply for approval, document their impact, and claim credits during the project’s active "relief period" (from start to completion). The credits are limited to 50% of tax liability and expire after seven years if unused.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax credits for small businesses impacted by highway projects, directly reducing their tax burden per bill summary.95% confidence ✓ TransportationSupports TransportationBill provides tax relief for businesses impacted by highway construction (I-80), directly supporting transportation infrastructure project implementation.90% confidence

Sub-Topics Business Taxes Sales Tax Tax Credits Roads & Highways

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in committee · New Jersey · General Assembly Jan 13, 2026

A 1867: 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.

This bill provides tax credits for businesses purchasing electric vehicle (EV) charging stations and converting commercial fleets to zero-emission vehicles. It allows a 50% credit (capped at $1,000 per charging station) for station purchases/installation and up to $100,000 for qualifying zero-emission vehicles based on weight (e.g., $25,000 for under 14,000 lbs). Businesses must apply for certification from the Environmental Protection Commissioner, including proof of purchase and installation, within 90 days. The credits apply to both corporation business tax and gross income tax, with unused credits carryable for up to seven years. The policy directly affects commercial entities investing in EV infrastructure and fleet transitions.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides business tax credits for EV infrastructure, reducing taxable income and incentivizing sustainable investment through direct fiscal incentives.95% confidence ✓ EnergySupports EnergyProvides tax credits for EV charging stations and zero-emission fleet conversions, directly promoting renewable energy infrastructure and reducing fossil fuel dependence.95% confidence ✓ EnvironmentSupports EnvironmentProvides tax credits for EV charging infrastructure and zero-emission fleets, directly reducing emissions and promoting clean transportation. Environmental Protection Commissioner certification ensures environmental alignment.95% confidence ✓ TransportationSupports TransportationBill provides tax credits for EV charging infrastructure and zero-emission fleet conversions, directly promoting sustainable transportation infrastructure funding and adoption.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives Electric Vehicles Electric Vehicles

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in committee · New Jersey · General Assembly Jan 13, 2026

A 1335: Imposes 30 percent electric public utility windfall surtax on certain taxpayers with allocated taxable net income in excess of 20 percent above five-year average income under CBT.

This bill imposes a 30% surtax on electric public utilities in New Jersey with taxable income exceeding 20% above their five-year average. It directly affects electric utilities that transmit and distribute electricity within the state, requiring them to pay this additional tax on their "windfall income" (the portion of income above the 20% threshold). The surtax is paid in addition to regular corporate taxes, with no credits allowed except for payment-related adjustments. All revenue collected, excluding funds for open space/farmland preservation, must be distributed proportionally to the utility’s ratepayers via the Board of Public Utilities.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes 30% surtax on utilities with excess income, generating additional state tax revenue for budget purposes without targeting middle/lower income.95% confidence

Sub-Topics Business Taxes

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in committee · New Jersey · General Assembly Jan 13, 2026

A 3075: Provides corporation business tax credits and gross income tax credits to businesses employing and retaining certain neurodiverse individuals.

This bill provides tax credits to New Jersey businesses that hire and retain neurodiverse employees in STEM/AI roles. Businesses receive credits of up to $9,000 per full-time employee (or $4,500 for part-time) annually, increasing with each consecutive year of employment. To qualify, employees must earn at least minimum wage, work in eligible STEM/AI positions (not as contractors), and be certified by the Division of Vocational Rehabilitation as neurodiverse. The credits reduce corporate and gross income tax liability, capped at 50% of tax owed, and require employers to submit certification applications for eligible workers.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits to businesses, reducing corporate tax burden; aligns with tax relief indicator for support95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credits for hiring neurodiverse STEM/AI workers with minimum wage guarantee, promoting inclusive employment and retention.95% confidence

Sub-Topics Business Taxes Income Tax Minimum Wage Professional Licensing

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in committee · New Jersey · General Assembly Feb 12, 2026

A 4021: Provides CBT and gross income tax credits for certain energy infrastructure upgrades.

This bill provides tax credits to electricity generators (companies operating power plants) who increase their energy output by at least 5% through qualifying infrastructure upgrades. Generators can claim credits covering up to 75% of upgrade costs or $5 million per company, whichever is lower, to offset Corporate Business Tax and gross income tax. To qualify, generators must apply for certification showing the 5% production increase, documenting specific upgrades like efficiency improvements, grid technology, or renewable energy integration. The total credits across all generators are capped at $100 million statewide, and unused credits may be carried forward for up to four tax years. The program requires documentation of actual energy production changes and prohibits double-counting with other tax benefits.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits to energy generators, reducing their tax burden and incentivizing infrastructure upgrades - direct tax relief under Budget & Taxes.95% confidence ✓ EnergySupports EnergyBill provides tax credits for infrastructure upgrades increasing energy output (e.g., efficiency improvements), directly promoting energy infrastructure development and efficiency.95% confidence ✓ EnvironmentSupports EnvironmentTax credits for efficiency upgrades in energy infrastructure promote reduced emissions and resource conservation, aligning with environmental protection goals.85% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives Renewable Energy

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in committee · New Jersey · General Assembly Jan 13, 2026

A 3834: Establishes temporary sales tax exemption for small businesses impacted by ongoing public highway projects.

This bill would temporarily exempt small retail businesses in areas affected by highway construction from paying state sales tax during active projects. To qualify, businesses must have 50 or fewer full-time employees, be independently owned, and operate within an "impacted construction zone" where highway work blocks traffic or access. Businesses must apply to the state tax director for approval, which would issue a certificate specifying eligible locations and the exemption period matching the project's duration (from start to completion). The exemption applies only to sales at the business during the construction phase, not to other tax obligations.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides temporary sales tax exemption for small businesses, reducing their tax burden during highway construction impacts.92% confidence ✓ TransportationSupports TransportationBill provides tax relief to businesses impacted by highway construction, supporting transportation infrastructure projects by mitigating economic disruption during active highway work.90% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives Roads & Highways

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in committee · New Jersey · General Assembly Jan 13, 2026

A 1757: Provides corporation business tax and gross income tax credits for businesses that employ formerly incarcerated individuals.

This bill proposes a New Jersey tax credit for businesses that hire formerly incarcerated individuals. Businesses would receive a 10% credit on qualified wages paid to these employees (capped at $1,200 per person per tax year), provided they hire at least 25% formerly incarcerated new employees and maintain 50% of those hires from the previous year. To qualify, employees must be in sustained employment (at least 185 business days) and businesses must conduct targeted recruitment for formerly incarcerated individuals and their immediate families. The bill includes safeguards against abuse, such as denying credits if businesses displace other workers solely to claim the credit, and prevents double-dipping with other state tax credits.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit (10% on wages) for hiring formerly incarcerated individuals, reducing business tax burden - fiscal incentive aligns with tax relief indicators.95% confidence ✓ Criminal JusticeSupports Criminal JusticeTax credits for hiring formerly incarcerated individuals directly support reintegration, reduce recidivism, and align with criminal justice reform goals by promoting rehabilitation through employment.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentTax credit incentivizes hiring formerly incarcerated individuals, expanding employment opportunities for a marginalized workforce.90% confidence

Sub-Topics Business Taxes Income Tax Tax Credits

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in committee · New Jersey · General Assembly Jan 13, 2026

A 780: Provides credit under corporation business tax and gross income tax for construction of buildings in accordance with certain energy and environmental performance standards.

This bill creates tax credits for businesses constructing new buildings in New Jersey that meet specific environmental standards. It provides credits against corporation business tax and gross income tax for buildings certified at LEED Silver, Gold, or Platinum levels (based on energy efficiency, water use, and sustainable materials). Eligible buildings include large residential complexes (10,000+ sq ft) or commercial/industrial structures, with credit amounts tied to building size and certification level. To claim the credit, businesses must obtain certification from the Environmental Protection Commissioner and comply with annual reporting requirements, subject to a $10 million annual cap on total credits.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits reducing corporate tax burden for green buildings, aligning with tax relief indicators for business incentives.95% confidence ✓ EnergySupports EnergyProvides tax credits for LEED-certified buildings meeting energy efficiency standards, directly promoting clean energy infrastructure and sustainable construction practices.95% confidence ✓ EnvironmentSupports EnvironmentProvides tax credits for LEED-certified buildings meeting energy/environmental standards, directly promoting sustainable construction and reducing environmental impact.95% confidence

Sub-Topics Business Taxes Income Tax Energy Efficiency

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