A 4604
Allows corporation business tax and gross income tax credits to businesses employing certain persons with developmental disabilities.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates tax credits for businesses in New Jersey that hire individuals with developmental disabilities. Businesses can receive a corporation business tax and a gross income tax credit equal to 40% of the first $6,000 of wages paid to a qualified employee, up to a maximum of $2,400 per employee. The bill defines ‘qualified person with a developmental disability’ and includes provisions to prevent credit recapture if wages are counted towards another credit.
Sponsors
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Primary sponsor
Carol Murphy
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