Bill > S1902

This bill provides corporation business tax and gross income tax credits to businesses that have employees who are also members of the National Guard or a reserve component of the Armed Forces of the United States and receive mobilization orders for active duty service. The amount of the credit shall be equal to the salary paid by the business that makes up the difference between the employee's regular pay and the employee's military pay. The bill sets limits on the amount of the credit that can be applied and allows for any unused credit to be carried over to future tax periods.

Military Affairs and Security

https://www.njleg.state.nj.us/bill-search/2020/S1902