• Views: in the last
  • 18Week
  • 12Month
  • 157Total


  • NJ A384
  • Creates "New Jersey Life Sciences Internship Challenge" program.
Introduced
(1/27/2016)
In Committee
(6/2/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill creates the "New Jersey Life Sciences Internship Challenge" program ("program") to provide tax credit subsidies to certain companies that have summer interns in the life sciences field. Any life science company that has a research laboratory within New Jersey may hire summer interns through the program, but only companies that have their principal place of business in the State and have fewer than 100 employees are eligible to receive the tax credit subsidy. The bill directs the New Jersey Economic Development Authority to administer the program and set the number of internships that will be subsidized each year, which may be up to 150. The amount of the tax credit is to be equal to wages paid to the intern. However, at most $15 per hour and 20 hours per week for 12 weeks will be subsidized per intern.
Commerce and Economic Development
Reported and Referred to Assembly Appropriations Committee  (on 6/2/2016)
 
 

Date Chamber Action Description
6/2/2016 A Reported and Referred to Assembly Appropriations Committee
6/2/2016 Assembly Commerce and Economic Development Hearing (13:30 6/2/2016 Committee Room 16, Fourth Floor)
1/27/2016 A Introduced, Referred to Assembly Commerce and Economic Development Committee
Date Motion Yea Nay Other
Detail 6/2/2016 Assembly Commerce and Economic Development Committee: Reported Favorably 8 1 3