Budget & Taxes (Business Taxes) in New Jersey

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

A 3419: Eliminates transaction nexus requirement under Sales and Use Tax and Corporation Business Tax.

This bill eliminates the requirement for remote sellers and out-of-state corporations to meet a 200-transaction threshold to be subject to New Jersey's sales/use tax and corporation business tax. Instead, it retains only the $100,000 revenue threshold for both tax types. Remote sellers must now collect and remit sales tax if their taxable revenue delivered into New Jersey exceeds $100,000 in a calendar year. Similarly, corporations must pay corporation business tax if their receipts from New Jersey sources exceed $100,000 in a fiscal year. The change simplifies tax obligations for businesses operating remotely in New Jersey.

Topics ✓ Budget & Taxes

Sub-Topics Business Taxes Sales Tax

in committee · New Jersey · General Assembly Feb 19, 2026

A 4137: New Jersey Battlefield to Boardroom Act; Provides corporation business tax credits and gross income tax credits for qualified wages of certain veterans.

The New Jersey Battlefield to Boardroom Act provides tax credits to New Jersey businesses that hire veterans meeting specific criteria. Businesses can claim a credit equal to 10% of qualified wages paid to veterans (capped at $1,200 per veteran annually) for wages earned between 2026 and 2029. To qualify, businesses must hire at least 25% veterans as new employees, maintain 50% of veterans hired the previous year, and provide veteran support services and recruitment efforts. The credit cannot exceed 50% of the business tax liability and is void if wages are claimed for other state benefits.

Topics ✓ Budget & Taxes ✓ Labor & Employment ✓ Veterans

Sub-Topics Business Taxes Income Tax Veteran Education Veteran Employment

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

A 1878: Permits business entities and nonprofit organizations to adopt certain responsibilities related to stormwater management basins; provides corporation business tax credit for adoption of stormwater management basins in certain watersheds.

This bill allows businesses and nonprofits to adopt and maintain stormwater basins in specific New Jersey watersheds (including Lake Hopatcong, Budd Lake, and others), with the state offering a corporation business tax credit for participation. It requires government agencies to verify adopters' capability to manage basins per environmental regulations, establishes formal adoption agreements, and provides liability protections through waivers and insurance requirements. The program applies only to basins owned by state or local agencies in designated watersheds, with no cost to the agencies themselves. The bill is currently pending in the Assembly Environment Committee (introduced January 13, 2026).

Topics ✓ Budget & Taxes ✓ Environment

Sub-Topics Business Taxes Tax Credits Water Quality

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

A 821: Allows corporation business tax credit for subcontracting work to NJ small businesses.

This bill creates a 1% tax credit for New Jersey corporations that pay small New Jersey businesses for subcontracted work performed within the state. A "small business" is defined as a New Jersey entity with fewer than 50 employees that is not affiliated with the paying corporation. The credit applies to payments made for work the corporation subcontracts to fulfill its own contracted duties, but cannot exceed 50% of the corporation’s tax liability or reduce the tax below the statutory minimum. The credit applies to privilege periods beginning after the bill’s enactment.

Topics ✗ Budget & Taxes

Sub-Topics Business Taxes Tax Credits Tags Small Business

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

A 269: Provides corporation business tax and gross income tax credits for employing immediate family members of members of the Armed Forces of the United States who were killed in action.

This New Jersey bill creates tax credits for businesses that hire immediate family members (spouse, child, or parent) of military personnel killed in action. Employers receive a 10% credit on qualified wages paid to these new full-time employees, capped at $1,200 per family member annually, for employment lasting at least nine consecutive months. The credit is nonrefundable but can be carried forward for up to 20 years, and it cannot be combined with other state employment tax credits. The bill applies to wages subject to New Jersey's Gross Income Tax and includes provisions for recapturing credits due to noncompliance.

Topics ✓ Budget & Taxes ✓ Veterans

Sub-Topics Business Taxes Income Tax Military Families Veteran Employment

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

A 3631: Provides credits under corporation business tax and gross income tax for qualified wages of certain disabled veterans.

This New Jersey bill provides tax credits for businesses and individuals who pay qualified wages to disabled veterans. It allows a 15% credit (capped at $1,800 per veteran annually) on wages paid to veterans with a 30%+ service-connected disability rating from the U.S. Department of Veterans Affairs, for sustained employment (185+ business days) during 2017-2020. The credit applies against both corporation business tax and gross income tax, with unused portions carryable forward for up to seven years. Businesses cannot claim the credit if wages are already counted toward other state tax credits or if the veteran hire appears to replace existing workers solely for the credit.

Topics ✓ Budget & Taxes ✓ Labor & Employment ✓ Veterans

Sub-Topics Business Taxes Income Tax Veteran Education Veteran Employment Veteran Healthcare

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

A 4063: Provides CBT credit for construction or retrofitting of warehouse to meet certain green building standards.

This bill provides a 25% tax credit against New Jersey's Corporation Business Tax for businesses constructing new warehouses or retrofitting existing ones to meet specific green building standards. It directly affects commercial property owners and developers who build or upgrade warehouses to achieve at least a LEED Silver, Green Globes Two-Globe, or equivalent nationally recognized sustainability rating. Eligible costs include construction, engineering, and site work (excluding land, computers, or fuel cells), with credit eligibility requiring certification from a licensed engineer/architect and a certificate of occupancy. The credit applies to projects meeting the bill's defined "green warehouse" standards, which must be solar-ready and designed for renewable energy integration. The Department of Community Affairs must issue an eligibility certificate verifying compliance before the tax credit can be claimed.

Topics ✓ Budget & Taxes ✓ Energy ✓ Environment

Sub-Topics Business Taxes Tax Credits Renewable Energy Solar

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

A 1477: Provides corporation business tax and gross income tax credits for employers of certain persons with disabilities.

This bill creates a tax credit for New Jersey employers who hire qualified individuals with disabilities. Employers can claim a 15% credit on wages paid to these employees (up to $2,000 per employee annually), provided the worker meets ADA criteria, works at least 35 hours weekly at $15+ per hour, and is not an independent contractor. To qualify, employers must apply for certification through the Division of Vocational Rehabilitation Services, which must approve applications within 90 days. The credit applies to both corporation business tax and gross income tax returns, with limits preventing credits from reducing tax liability below the statutory minimum.

Topics ✓ Budget & Taxes ✓ Labor & Employment

Sub-Topics Business Taxes Income Tax Tax Credits Gig Economy Professional Licensing Tags People with Disabilities

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

A 3933: Provides corporation business tax credits and gross income tax credits for purchase of certain hydrogen fuel cell vehicles.

This bill provides tax credits for businesses purchasing hydrogen fuel cell vehicles for commercial use. Businesses can claim up to 25% of the vehicle cost (capped at $15,000) in 2023, decreasing to 8% ($5,000 cap) by 2025. To qualify, businesses must obtain certification from the Environmental Protection Commissioner confirming the vehicle meets specifications and is used exclusively for business operations. The credits apply against both New Jersey's corporation business tax and gross income tax.

Topics ✓ Budget & Taxes ✓ Energy ✓ Environment ✓ Transportation

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

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

A 1274: Allows exclusion of certain small business income from taxation under gross income tax and corporation business tax.

This bill creates a new exclusion from New Jersey's gross income tax and corporation business tax for certain small business income. It directly affects qualifying small businesses by allowing them to exclude specific income from their taxable base under these two tax codes. The key mechanism establishes a defined exclusion for small business income while revising statutory definitions related to tax calculations, such as "net worth" and "taxpayer." The bill does not specify exact income thresholds but provides the framework for excluding qualifying small business revenue from state taxation.

Topics ✓ Budget & Taxes

Sub-Topics Business Taxes Income Tax Tags Small Business

All budget & taxes bills