A 269
Provides corporation business tax and gross income tax credits for employing immediate family members of members of the Armed Forces of the United States who were killed in action.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates two tax credits for New Jersey corporations and individuals. Corporations can receive a credit against their business tax on wages paid to immediate family members (spouse, child, or parent) of fallen military personnel. Individuals can receive a credit against their income tax on similar wages. Both credits are capped at $1,200 per family member per year and require new, full-time employment for at least nine consecutive months.
Sponsors
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Primary sponsors
Gregory McGuckin
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