Provides tax credits to companies contributing to loan and loan redemption program for residents who attend institutions of higher education in State and work at such company upon graduation.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill creates the New Jersey Talent Retention Loan and Loan Redemption Program within the Higher Education Student Assistance Authority. It provides tax credits to companies that contribute to a loan fund, with the goal of encouraging businesses to hire graduates of New Jersey colleges and universities. The program offers loans to eligible students and forgives a portion of those loans upon full-time employment with participating companies. It establishes specific requirements for eligibility, loan redemption, and employer contributions.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
Anthony Bucco
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