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 allows cosigners on New Jersey's NJCLASS student loans to make voluntary payments beyond what the borrower pays, with those payments qualifying for a tax deduction. Cosigners earning $80,000 or less can deduct the full amount paid, while those earning more can deduct 50%. It also expands tax deductions for borrowers: those earning $80,000 or less can deduct all interest paid on NJCLASS loans, and higher earners can deduct 50% of interest. The policy directly affects NJCLASS borrowers and their cosigners by providing tax relief on loan payments and interest. It applies specifically to the New Jersey College Loans to Assist State Students (NJCLASS) Program.
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 bill adds $20.2 million in supplemental funding from the General Fund to New Jersey's Department of Education specifically for nonpublic school security aid. It increases the per-pupil security aid amount from $205 to $338, calculated by multiplying $338 by each district's count of nonpublic school students. The funding directly supports school districts in providing security services, equipment, or technology to ensure safe learning environments for nonpublic school students. This raises total nonpublic security aid funding from $30.55 million to $50.8 million.
This bill creates a dedicated fund called the "New Jersey Wine Promotion Account" within the Department of Agriculture. It directs two specific revenue streams into this account: $0.47 per gallon on wine sales by licensed New Jersey wineries, and sales tax collected on retail sales of wine produced in New Jersey (excluding sales in restaurants that primarily serve meals). The funds will be used for promoting New Jersey wine, supporting viticultural research, and developing wine-making processes, as advised by the state's Wine Industry Advisory Council. This directly affects wineries and retailers selling locally produced wine, while excluding restaurant sales of wine.
This bill (A1178) establishes a new formula for distributing New Jersey's state school aid to public school districts. It directly affects all 600+ public school districts by determining their funding based on projected income tax revenue and student enrollment. The formula calculates per-pupil state aid by dividing the total projected state income tax revenue by the statewide student enrollment, then multiplying that amount by each district's projected enrollment. This replaces previous funding methods and aims to fulfill constitutional requirements for equitable school funding. The bill takes effect immediately upon enactment.
S 3382 increases the maximum bond amount the state can issue to cover its share of school facility projects in SDA districts (high-need districts) and other school districts. The new limits set $2.9 billion for SDA districts and $1 billion for all other districts (with $50 million reserved for county vocational schools). Voter approval is required before any bonds under these new limits can be issued. This directly affects school districts seeking state funding for building improvements, enabling more resources for facility upgrades while maintaining fiscal oversight.
This bill (S 3595) excludes minimum required distributions (RMDs) from qualified retirement plans from New Jersey's gross income tax. It directly affects New Jersey residents aged 72 or older who must take annual RMDs from retirement accounts under federal law (as defined in 26 U.S.C. §4974). The bill removes state income tax on these mandatory withdrawals, which are currently taxed by both federal and state governments. The change applies to taxable years beginning after the bill's enactment.
This bill amends New Jersey's local payroll tax law to require employers in municipalities with a local tax to submit quarterly payroll reports by specific deadlines (April, July, October, January) and provide additional information requested by the municipality. It prohibits employers from deducting the tax from employee pay, mandates confidentiality for reported data, and sets interest rates for late payments (8% on the first $1,500 overdue, 18% above that). The bill also prevents double taxation by exempting employees from New Jersey local tax if their out-of-state employer already pays a similar tax, requiring employers to submit documentation to resolve such cases.
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.
