Bill > A4566

This bill allows tax credits for employers who hire members of the New Jersey National Guard or the reserve component of the U.S. Armed Forces. The credit is $1,500 for each eligible service member who has not completed or returned from a deployment or activation, and $2,500 for each eligible service member who has completed or returned from a deployment or activation. The credits can be applied against the state corporate business tax and the state gross income tax, subject to certain limitations. The bill also authorizes the Director of the Division of Taxation to adopt rules and regulations to implement the tax credits without going through the normal administrative rulemaking process.

Business and Industry

https://www.njleg.state.nj.us/bill-search/2022/A4566