Bill
Bill > A681
NJ A681
Allows credit against corporation business tax and gross income tax liability for employing persons with a developmental disability.
summary
Introduced
01/11/2022
01/11/2022
In Committee
02/03/2022
02/03/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill allows taxpayers to claim a credit against their corporation business tax liability or gross income tax liability in the amount of 10 percent of salary and wages paid to an employee with a developmental disability. The credit is capped at $3,000 per employee, and the total credit is capped at $60,000 per taxpayer per year. The bill defines "employee with a developmental disability" as an employee of the taxpayer who has a developmental disability as defined in N.J.S.A.30:6D-25 and for who the Division of Developmental Disabilities in the Department of Human Services has declared eligible for its services. New Jersey already allows taxpayers to claim a credit for the employment of certain persons with disabilities at an occupational training center or sheltered workshop. This bill allows a credit for any type of employment, but taxpayers will be prohibited from claiming the credit allowed by this bill if in the same year they claim a credit for employment of the same employee at an occupational training center or sheltered workshop.
AI Summary
This bill allows taxpayers to claim a credit against their corporation business tax or gross income tax liability in the amount of 10 percent of salary and wages paid to an employee with a developmental disability, as defined by New Jersey law. The credit is capped at $3,000 per employee and $60,000 per taxpayer per year. Taxpayers are prohibited from claiming this credit if they are also claiming a credit for employing the same employee at an occupational training center or sheltered workshop. The bill also provides the Director of the Division of Taxation with the authority to adopt regulations to implement the law.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (5)
Daniel Benson (D)*,
Raj Mukherji (D)*,
Anthony Verrelli (D)*,
Shavonda Sumter (D),
Brandon Umba (R),
Last Action
Reported and Referred to Assembly Appropriations Committee (on 02/03/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A681 |
Fiscal Estimate 2/28/2022; as introduced | https://www.njleg.state.nj.us/Bills/2022/A1000/681_E1.PDF |
Statement ACD 2/3/22 | https://www.njleg.state.nj.us/Bills/2022/A1000/681_S1.PDF |
Technical Review Of Prefiled Bill | https://www.njleg.state.nj.us/Bills/2022/A1000/681_T1.PDF |
BillText | https://www.njleg.state.nj.us/Bills/2022/A1000/681_I1.HTM |
Bill | https://www.njleg.state.nj.us/Bills/2022/A1000/681_I1.PDF |
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