Allows tax credits for employing members of NJ National Guard and members of reserve component of US Armed Forces.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates a tax credit for businesses in New Jersey that employ members of the New Jersey National Guard and the reserve component of the U.S. Armed Forces. The credit amount varies depending on whether the service member has recently completed a deployment or activation, offering $1,500 for those who haven't and $2,500 for those who have. The bill also outlines rules for applying the credit and establishes procedures for the Department of Taxation to create implementing regulations.
Bill text
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Document of record
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4 on record
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