Allows credit against gross income tax for certain eligible taxpayers pursuing education and employment in State.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
```json { "summary": "This bill creates a refundable tax credit for New Jersey residents who meet specific criteria. Graduates of New Jersey high schools and colleges with a GPA of 3.5 or higher, who are employed as full-time employees in New Jersey within two years of graduation, are eligible for a $1,500 credit. This credit is available for the first five consecutive tax years following employment, provided all requirements are met.", "keyProvisions": [ "Provides a $1,500 tax credit to eligible graduates.", "Eligibility requires graduation from a New Jersey high school and college with a GPA of 3.5 or higher.", "Must be employed as a full-time employee (25+ hours/week) for a New Jersey employer.", "Credit is available for the first five consecutive tax years after emp
Bill text
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Sponsors
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