This bill expands New Jersey's gross income tax credit for family caregivers of veterans with service-connected disabilities. It allows caregivers to qualify if the veteran has any service-connected disability (not limited to post-9/11 conflicts), provided the veteran meets other existing requirements like honorable discharge, VA disability rating, and six months of residency with the caregiver in New Jersey. The credit equals 100% of the veteran's federal disability compensation, up to $675 per year, and is refundable if it reduces tax liability to zero. It directly affects New Jersey family caregivers (with income limits of $50,000 single/$100,000 joint filers) who support veterans with disabilities from any military service.
This bill provides tax credits for businesses purchasing electric vehicle (EV) charging stations and converting commercial fleets to zero-emission vehicles. It allows a 50% credit (capped at $1,000 per charging station) for station purchases/installation and up to $100,000 for qualifying zero-emission vehicles based on weight (e.g., $25,000 for under 14,000 lbs). Businesses must apply for certification from the Environmental Protection Commissioner, including proof of purchase and installation, within 90 days. The credits apply to both corporation business tax and gross income tax, with unused credits carryable for up to seven years. The policy directly affects commercial entities investing in EV infrastructure and fleet transitions.
This bill establishes a competitive grant program to fund organizations recruiting teachers for underserved New Jersey school districts. It appropriates $6 million from the General Fund to provide grants equal to private contributions raised by eligible organizations (up to $1 million annually per organization for three years). Eligible organizations must be tax-exempt, place new teachers in underserved districts, and commit to long-term teacher retention. An "underserved district" is defined as one where at least 40% of students qualify for free/reduced meals and faces a teacher shortage, as determined by the Commissioner of Education.
This bill establishes a 15-member "Property Tax Study Commission" to examine New Jersey's property tax system and develop recommendations for reducing residential property tax burdens. The commission, including state officials and appointed public members with tax/finance expertise, must submit an interim report within 9 months and a final report within 12 months. Its recommendations must be revenue-neutral (not increasing or decreasing overall state revenue), address inequities, and explore alternatives to reduce local government reliance on property taxes. The final report will include specific legislative proposals and any constitutional changes needed, with annual follow-up reports for five years after the final report is issued. The bill directly affects all New Jersey homeowners and local governments by initiating a formal review of property tax policy.
This bill imposes a 30% surtax on electric public utilities in New Jersey with taxable income exceeding 20% above their five-year average. It directly affects electric utilities that transmit and distribute electricity within the state, requiring them to pay this additional tax on their "windfall income" (the portion of income above the 20% threshold). The surtax is paid in addition to regular corporate taxes, with no credits allowed except for payment-related adjustments. All revenue collected, excluding funds for open space/farmland preservation, must be distributed proportionally to the utility’s ratepayers via the Board of Public Utilities.
ACR 58 proposes a constitutional amendment requiring New Jersey’s Legislature to create laws allowing municipalities to tax property improvements (like buildings) at a lower rate than land. This would directly affect local governments, which currently apply a single tax rate to both land and improvements. The implementing laws must permit municipalities to phase in rate changes, set their own rate differences, and later return to a single tax rate. The Legislature could limit participation to municipalities needing infrastructure investment, but the amendment itself does not create the tax system - it only directs the Legislature to enable it. The proposal requires voter approval after legislative passage.
This bill allocates $3 million from the General Fund to provide one-time bonus awards to members of Local 195 of the International Federation of Professional and Technical Engineers who worked as frontline state employees during the COVID-19 pandemic. The funds will be distributed by state agencies to eligible union members who provided essential emergency workplace service. The bonus amount is determined per agency through consultation between the Division of Budget and Accounting and the union president. This supplemental appropriation directly affects approximately 3,000 Local 195 members across state departments, as specified in the bill text. It does not create new policy but provides targeted financial recognition for pandemic-era service.
This bill establishes the Inclusive Workplaces Program within New Jersey's Economic Development Authority (EDA) to provide financial support for employers creating inclusive environments for neurodivergent employees. It offers grants of up to $25,000 per small business (employing fewer than 150 people) and tax credits (up to $25,000 or 50% of eligible investments) for large businesses (150+ employees), both requiring at least one or three neurodivergent employees respectively. Key provisions include funding for sensory-friendly workspace adjustments, adaptive equipment, and staff training programs, with a total annual appropriation of $2.5 million. The program requires employers to apply and demonstrate specific workplace investments before receiving support.
This New Jersey bill provides a 20% refundable tax credit for eligible residents who pay for in-home care services through a health care service firm. It directly affects taxpayers with gross income under $150,000 who are permanently disabled or age 65+, covering expenses for companion services (non-medical supervision/socialization), health care services (non-licensed), or personal care services (assisting with daily activities like bathing or dressing). The credit excludes insurance-reimbursed costs and applies against income tax after other credits. It takes effect for taxable years starting after enactment.
This bill allows eligible New Jersey educators (K-12 teachers, counselors, principals) and paraprofessionals (school aides) to deduct up to $250 of unreimbursed classroom supply expenses from their gross income tax. It covers costs like books, computers, software, and classroom materials, but excludes nonathletic supplies for health or physical education classes. To qualify, individuals must work at least 900 hours annually in a New Jersey public or private elementary/secondary school. The deduction applies to taxable years starting after the bill's enactment date.
