This New Jersey bill increases tax credits for corporations conducting research. It raises the credit rate from 10% to 15% for businesses primarily operating in targeted industries like clean energy, life sciences, and advanced technology. It also increases the basic research payment credit rate to 15% and allows the total credit to be refundable (meaning businesses can receive cash payments even if they owe no tax). The law applies to corporations in industries identified by the New Jersey Economic Development Authority, including innovation-focused sectors such as autonomous vehicles, hemp processing, and digital media.
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.
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.
New Jersey's bill A 3913 creates a tax credit program to incentivize employers to hire military spouses affected by frequent relocations. Employers who hire nonresident military spouses (spouses of active-duty service members transferred to New Jersey, legally domiciled here, or on permanent change-of-station) can claim a tax credit equal to 15% of wages for 120-400 hours worked or 25% for over 400 hours annually, capped at $2,400 per employee. The credit reduces the employer's corporation business tax or gross income tax liability. This policy directly supports military spouses whose careers are disrupted by service-related moves, aiming to improve their employment stability.
This bill would expand New Jersey's child tax credit by doubling the maximum credit amount (from $1,000 to $2,000 per child), raising the age limit for eligible children from under 6 to under 18, and increasing the income threshold from $80,000 to $150,000 for eligibility. Taxpayers with incomes under $30,000 would receive $2,000 per child, with the credit gradually decreasing to $800 for incomes between $130,000 and $150,000. It affects New Jersey residents with children under 18 who file state tax returns, including those using Individual Taxpayer Identification Numbers. The changes apply to taxable years beginning January 1, 2026.
The New Jersey Works Act creates a tax credit for businesses that fund pre-employment training programs targeting low- and moderate-income individuals for jobs in high-demand occupations. These programs must provide at least 12 weeks of paid training at minimum wage, covering skills like communication, job readiness, and career-specific instruction. The bill appropriates $1 million to support the initiative and requires training programs to be approved by the state, partner with schools or nonprofits, and exclude construction businesses. It directly affects qualifying businesses, educational institutions, and job seekers in targeted regions seeking career advancement opportunities.
This bill provides New Jersey military spouses with a refundable $500 gross income tax credit to offset professional relicensing fees incurred when relocating to the state due to a permanent military change of station order. It directly affects spouses of active-duty service members who must relicense in professions they previously held in another state, covering fees for state-required licenses or certifications. The credit applies only to fees paid within 13 months of the military relocation order and excludes costs for professions not requiring state licensing. The policy creates a direct financial relief mechanism for military families facing career interruption during relocations.
This bill (NJ A2243) expands New Jersey's Earned Income Tax Credit (EITC) eligibility to include married individuals who are victims of domestic abuse and file as "married filing separately." It exempts these taxpayers from the usual requirement to file jointly to qualify for the credit, provided they meet three conditions: living apart from their spouse, unable to file jointly due to abuse, and marking their tax return accordingly. The change directly affects domestic abuse survivors who would otherwise lose access to the state EITC by filing separately. The policy ensures these individuals can claim the credit without being forced to file jointly with an abuser.
This bill (A4172) creates a tax credit for New Jersey residents who are totally and permanently disabled veterans and pay rent for their primary residence. The credit equals rent payments that qualify as property taxes under existing law, reducing their gross income tax liability. To qualify, veterans must have a service-connected disability (e.g., paraplegia, blindness, or amputation) as certified by the U.S. Veterans Administration. Surviving spouses of eligible veterans may also claim the credit during their widowhood/widowerhood. The credit applies to rental housing occupied as a principal residence and is processed through the state tax authority.
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.
