Budget & Taxes (Tax Credits)

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

A 3652: Establishes New Jersey Child Tax Credit program to benefit certain low-income households.

This bill establishes New Jersey's Child Tax Credit program, providing refundable tax credits to low-income residents with children. It directly benefits households with taxable income up to 250% of the federal poverty level, offering $582 per younger child (under age 6) and $187 per older child (ages 6-24) for families at or below 100% poverty level, with credits phasing out gradually as income rises. Key provisions include allowing claims using either Social Security numbers or Individual Taxpayer Identification Numbers (ITINs), ensuring credits don't reduce eligibility for state benefits, and requiring annual reporting on credit usage. The bill is currently pending in the Assembly committee and has not yet become law.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax credits ($582/$187 per child) to low-income households, directly offering tax relief to targeted groups under 250% federal poverty level.95% confidence

Sub-Topics Tax Credits

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in committee · New Jersey · Senate Feb 19, 2026

S 3558: "Made in New Jersey Tax Credit Act"; provides CBT tax credits to taxpayers that purchase "New Jersey made" products.

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 25% tax credit for businesses purchasing NJ-made products, reducing CBT liability and incentivizing local economic activity.95% confidence

Sub-Topics Business Taxes Procurement Tax Credits

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

A 2261: Provides gross income tax credit to active members of volunteer emergency service organizations for use of personal motor vehicle in performance of active duty.

This bill creates a New Jersey gross income tax credit for active members of volunteer fire departments, first aid squads, and rescue organizations who use personal vehicles for emergency duties. Eligible members receive a credit based on miles driven for emergency response, calculated using the IRS standard mileage rate (capped at $500 per individual or $1,000 for married couples filing jointly). To qualify, members must maintain active status, complete required service hours (400+ hours or attendance thresholds), and provide documentation through their organization. The credit directly reimburses volunteers for vehicle-related costs incurred while serving their communities.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing taxable income for volunteer responders - direct tax relief for lower-income emergency service members.95% confidence

Sub-Topics Income Tax Tax Credits

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

A 870: "Homeowners' Historic Property Reinvestment Act"; allows homeowners to claim credit against gross income tax for certain costs of rehabilitating historic properties.

This bill allows homeowners in New Jersey to claim a 25% tax credit against their state income tax for costs of rehabilitating qualified historic properties. It directly affects homeowners who own and occupy as their primary residence a property listed on the National Register of Historic Places, the New Jersey Register of Historic Places, or a locally designated historic district. To qualify, rehabilitation costs must equal at least 50% of the property's equalized assessed value, with no more than 60% of costs covering interior work, and the total credit for a property is capped at $25,000 over ten years. The credit reduces the homeowner's tax liability for the year the credit is certified, with excess amounts refunded as overpayments.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 25% tax credit reducing taxable income for qualifying homeowners rehabilitating historic properties, directly offering tax relief under state tax code.95% confidence

Sub-Topics Income Tax Property Tax Tax Credits

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

A 4366: Modifies definition of Class I renewable energy to include nuclear fission; provides CBT tax credit for production of clean baseload power.

This bill amends New Jersey's renewable energy law to include nuclear fission power in the definition of "Class I renewable energy," allowing nuclear plants to qualify for renewable energy credits. It also creates a new Clean Baseload Technology (CBT) tax credit for electricity generated from nuclear power facilities that operate as reliable baseload sources (running at over 50% capacity). The primary beneficiaries are nuclear power plants in New Jersey, such as those at Hope Creek and Salem, which would now earn credits toward state renewable energy goals and receive tax incentives for their output. This changes how nuclear power is classified under the state's clean energy standards and provides direct financial support for its continued operation.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates CBT tax credit for nuclear power, providing fiscal incentive to qualifying facilities under state tax code.90% confidence ✓ EnergySupports EnergyIncludes nuclear in renewable energy definition and creates CBT tax credit for nuclear baseload power, advancing clean energy incentives for nuclear facilities.95% confidence ✓ EnvironmentSupports EnvironmentIncludes nuclear power in renewable energy credits and creates tax credit for clean baseload power, promoting low-emission energy sources per bill summary.90% confidence

Sub-Topics Tax Credits Nuclear Renewable Energy

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

A 1776: Allows credit against corporation business tax and gross income tax liability for employing persons with a developmental disability.

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing business tax liability, aligning with tax relief indicators for employment incentives.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credit to incentivize hiring employees with developmental disabilities, promoting inclusive employment opportunities and supporting workforce inclusion in Labor & Employment policy.95% confidence

Sub-Topics Business Taxes Income Tax Tax Credits Tags People with Disabilities

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

A 4368: Authorizes County Agriculture Development Boards to establish program to receive and lease donated farmland to new farms, establishes gross income tax credit for farmers who donate land.

This bill allows New Jersey's County Agriculture Development Boards to create a program accepting donated farmland from commercial farmers and leasing it to new farmers residing in the state. It also establishes a tax credit for donating land, capped at $100,000 or the value of the donated portion (calculated as a share of the farm's assessed value based on the donated acreage). To qualify for leased land, new farmers must meet board-established criteria, including New Jersey residency. Donors must apply for certification through the board to claim the tax credit, which is processed by the Division of Taxation.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes gross income tax credit for land donations, providing direct tax relief to qualifying farmers per bill's summary.95% confidence

Sub-Topics Income Tax Property Tax Tax Credits

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

A 769: Establishes gross income tax credit and corporation business tax credit for student loan payments.

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).

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits for STEM workers and employers, providing direct tax relief which alignates with support indicators for tax relief.95% confidence

Sub-Topics Business Taxes Income Tax Tax Credits

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

A 3617: Provides gross income tax credit for certain taxpayers who pay tuition costs for nurse aide in long-term care facilities training program.

This bill creates a $1,000 refundable tax credit for New Jersey taxpayers (or their dependents) who pay tuition for approved nurse aide training programs. To qualify, individuals must complete the training - based on the state's curriculum and approved by the Department of Health - and work 12 consecutive months as a Certified Nursing Aide (CNA) at a licensed long-term care facility. The credit is claimed in the tax year following this employment requirement and reduces tax liability, with any unused portion refunded if it brings tax owed to zero. It directly supports people entering the CNA workforce, aiming to address staffing shortages in nursing homes.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax credit ($1,000) reducing tax liability for qualifying taxpayers, aligning with tax relief for lower/middle income and funding workforce development in healthcare.95% confidence ✓ HealthcareSupports HealthcareBill provides tax credit to incentivize nurse aide training for long-term care facilities, directly supporting healthcare workforce development and improving access to long-term care services.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides $1,000 tax credit for nurse aide training and employment, supporting workforce development in healthcare labor sector.85% confidence

Sub-Topics Income Tax Tax Credits Healthcare Workforce Long-Term Care

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

A 3796: Establishes loan redemption program and gross income tax credit for mental health professionals who serve children and adolescents.

This bill proposes a program to help mental health professionals working with children and adolescents in New Jersey reduce student loan debt. Licensed mental health professionals who live in New Jersey, work full-time providing counseling to youth, and have qualifying student loan debt can receive up to $1,000 annually toward their loans (for up to 4 years) or claim a $1,000 tax credit against their state income tax. To qualify, participants must maintain residency, employment in qualifying roles, and provide proof of loan balance and service each year. The program aims to support mental health workforce development by easing financial burdens for professionals serving young people.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing state tax burden for qualifying mental health professionals, aligning with tax relief for public service workers.95% confidence ✓ HealthcareSupports HealthcareProvides financial incentives (loan relief/tax credit) for mental health professionals serving children/adolescents, directly expanding access to mental health services.95% confidence

Sub-Topics Income Tax Tax Credits Mental Health

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