This bill increases New Jersey's refundable tax credit for property taxes paid on a primary residence (homestead) from $50 to $200. It directly affects homeowners and tenants who pay property taxes or rent that includes property taxes on their primary residence, including seniors aged 65+ and qualifying blind or disabled taxpayers. Instead of claiming a property tax deduction, eligible taxpayers can now choose a flat $200 credit against their income tax, which is refundable (meaning they receive cash even if they owe no tax). The change applies to taxable years beginning after enactment and is designed to provide greater tax relief for qualifying residents.
This bill (A 738) expands New Jersey's Wounded Warrior Caregivers Relief Act to provide a tax credit for family caregivers of veterans with service-connected disabilities, regardless of when the disability occurred. It directly affects New Jersey residents who are relatives (up to third degree by blood) caring for a veteran who was honorably discharged and resides with them in New Jersey for at least six months of the year. The credit equals 100% of the veteran's federal disability compensation, capped at $675 per year, and applies to caregivers earning under $100,000 (jointly) or $50,000 (single). The bill revises the definition of "veteran" to include all honorably discharged veterans, not just those with disabilities from post-9/11 service. It was introduced on January 13, 2026, and refers to the Assembly Military and Veterans' Affairs Committee.
This bill creates a 20% tax credit against New Jersey's corporate business tax for investments in qualifying manufacturing equipment and facility improvements (including renovation, modernization, or expansion) at manufacturing facilities located in the state. The credit applies to costs for equipment using advanced technology to produce tangible goods and facilities where over half the property is manufacturing equipment. Unused credits can be carried forward for up to seven years. The bill ensures these investments cannot also claim other existing tax credits like the New Jobs Investment Tax Credit.
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).
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.
This New Jersey bill (S 3560) increases tax credits for corporations conducting research in targeted industries like clean energy, life sciences, and high-tech sectors. It raises the research credit rate from 10% to 15% for businesses in these industries and boosts the basic research payment credit to 15%. Crucially, it makes the research tax credit refundable - meaning corporations can receive cash payments if credits exceed their tax liability, rather than only reducing taxes owed. The bill directly affects New Jersey-based corporations engaged in qualifying research activities, with "targeted industries" defined by the state's Economic Development Authority.
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.
