This bill creates a tax credit for New Jersey businesses that develop and construct anaerobic digestion facilities processing food waste. Taxpayers can claim a credit equal to 50% of facility development costs, capped at $250,000 per facility, for six years. The total tax credits awarded statewide cannot exceed $15 million, and the credit applies against the corporation business tax. The bill defines "food waste" to include processing residues and used cooking oils but excludes donated food or consumer waste.
This bill clarifies New Jersey's tax law for telecommunications companies' business personal property. It specifies that the requirement for companies to provide dial tone to 51% of a local telephone exchange applies only as of April 1, 1997 - not annually - ending costly yearly legal disputes over tax assessments. The bill also mandates that telecommunications carriers (including successors to historical monopolists) pay business personal property taxes to municipalities where their equipment is located. Additionally, it requires winning municipalities to recover attorney fees from companies that appeal these taxes. This directly affects telecom companies operating in New Jersey and the municipalities taxing their property.
This bill provides New Jersey businesses with tax credits for hiring qualified ex-offenders. Specifically, it allows a 15% credit against corporation business tax and gross income tax for wages paid to eligible individuals, capped at $900 per employee per year. A "qualified ex-offender" is defined as someone convicted of a first-, second-, third-, or fourth-degree crime in New Jersey who was hired within one year of conviction or release from incarceration. The credit cannot exceed 50% of the tax liability and may be carried forward if unused in the current year.
This bill exempts paraffin wax used specifically in candle manufacturing from New Jersey's petroleum products gross receipts tax. It directly affects New Jersey candle manufacturers, who previously paid tax on the paraffin input even when selling candles outside the state. The key mechanism is adding "paraffin used in the manufacture of candles" to the list of excluded items in the tax definition under Section 2 of P.L.1990, c.42. This change removes a tax burden that applied only to in-state candle production, as candles made elsewhere aren't subject to the tax when sold in New Jersey.
This bill (A 1850) sets a flat 5.9% tax rate on New Jersey gross income above $37,500 for single filers or $75,000 for married couples filing jointly, while exempting all income below those thresholds from taxation. It directly affects New Jersey residents whose taxable income exceeds these filing-status-specific limits. The key provision replaces previous tiered tax brackets with a single flat rate for income above the exemption thresholds. This change simplifies the tax structure for higher earners while maintaining tax exemption for lower-income taxpayers. The bill was introduced in 2026 and referred to the Assembly Commerce and Economic Development Committee.
This bill (A 2955) proposes tax incentives for New Jersey employers who hire individuals with disabilities. It would allow employers to claim credits against insurance premiums tax, corporation business tax, and gross income tax, including: 30% of the first $6,000 in wages for a new employee with a disability during their first year (20% in the second year), up to $600 for work-related transportation costs, and small business access improvement credits. The credits would apply only to employees certified by the Division of Vocational Rehabilitation Services as meeting the federal ADA definition of disability. The bill is pending before the Assembly Commerce and Economic Development Committee.
This bill exempts fuel used to operate school buses for transporting students to or from school or school activities from two New Jersey state taxes: the petroleum products gross receipts tax and the motor fuel tax. It directly affects school districts, religious or charitable organizations operating school buses, and contractors working with public agencies to provide school transportation. The law adds school buses to existing exemptions, allowing these entities to claim refunds for fuel taxes already paid on qualifying bus operations. This creates a concrete tax relief for school transportation costs without altering tax rates for other users.
This bill allows New Jersey corporations to claim a 1% tax credit against their corporation business tax for payments made to NJ small businesses that perform subcontracted work within the state. It directly affects corporations doing business in New Jersey that subcontract work they were contracted to perform. To qualify, the subcontractor must be a New Jersey business with fewer than 50 employees and not affiliated with the paying corporation, and the work must be performed in New Jersey. The credit is limited to 50% of the tax liability and cannot reduce taxes below the statutory minimum.
This bill removes the State Treasurer's authority to annually adjust the tax rates on petroleum products based on changing fuel prices. It freezes the tax rates at levels determined by 2016 data, eliminating future quarterly or annual adjustments tied to average retail fuel prices. This directly affects petroleum companies that pay the tax on gasoline, diesel, and other fuels, as their tax burden will no longer automatically change with market prices. The bill ensures tax rates remain fixed at the 2016 benchmark, preventing future adjustments by the Treasurer.
This bill exempts fuel used to operate school buses for transporting students to and from school or school activities from two state taxes: the petroleum products gross receipts tax and the motor fuel tax. It specifically applies to school buses operated by public school districts, religious or charitable organizations, or contractors working with government agencies. The bill also clarifies how certain dyed fuel (used for non-highway purposes) is taxed and updates rules for determining taxable estates of some residents. These changes directly affect school districts, nonprofit organizations, and contractors managing student transportation services in New Jersey.
