Bill
Bill > S1245
NJ S1245
NJ S1245Establishes manufacturing machine and metal trade apprenticeship tax credit program.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
The bill establishes a manufacturing machine and metal trade apprenticeship tax credit program under the gross income tax and corporation business tax. The purpose of the program is to encourage manufacturing employers to provide structured training to machine and metal trade apprentices to add more skilled workers to New Jersey's labor market. The bill gives manufacturing employers with qualified machine and metal trade apprenticeship programs the lesser of $7,500 per apprentice, or 50 percent of an apprentice's wages. To qualify for credit, an apprenticeship must employ an unskilled or semi-skilled person in machine tool or metal trades for no less than 1,500 hours in the tax year as part of a term of machine and metal trade training not exceeding four tax years. The machine and metal trade apprenticeship must involve wage progression, defined job training processes, course instruction, and completion resulting in designation as a skilled worker. The bill schedules the credits for tax years beginning on or after January 1, 2016. The credits are nonrefundable.
AI Summary
This bill establishes a tax credit program for manufacturing employers in New Jersey who offer apprenticeships in machine and metal trades, aiming to increase the number of skilled workers in the state's labor market. Starting with tax years beginning on or after January 1, 2016, eligible employers can receive a credit against their gross income tax and corporation business tax, which is the lesser of $7,500 per apprentice or 50% of the apprentice's wages for that year. To qualify, an apprentice must be an unskilled or semi-skilled individual employed for at least 1,500 hours per year in a training program that lasts no more than four years and includes structured wage increases, defined training processes, and coursework, ultimately leading to the apprentice becoming a designated skilled worker in occupations like machinists, toolmakers, or moldmakers. These credits are nonrefundable, meaning they can reduce a taxpayer's liability to the statutory minimum but will not result in a refund if the credit exceeds the tax owed.
Committee Categories
Labor and Employment
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Labor Committee (on 01/13/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/S1245 |
| BillText | https://pub.njleg.gov/Bills/2026/S1500/1245_I1.HTM |
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