Bill > A5451

This bill provides a corporation business and gross income tax credit for employers in New Jersey who hire individuals who have lost their jobs due to automation. The credit is equal to 10% of the salary and wages paid to each eligible employee, up to $2,500 per employee per year. To qualify, the employer must employ the individual for at least seven months of the tax year or privilege period. The bill also defines "automation" as a device, process, or system that replaces human labor and functions without continuous human input.

Labor and Employment

https://www.njleg.state.nj.us/bill-search/2022/A5451