Bill > S1059

This bill allows businesses to receive tax credits for paying a salary differential to employees who are members of the National Guard or a reserve component of the U.S. Armed Forces and are called to active duty. The credit is intended to help businesses cover the difference between an employee's regular civilian salary and their military pay during their active duty service. Specifically, the bill amends the Corporation Business Tax Act and the Gross Income Tax Act to provide these credits, with certain limitations on the total credit amount and provisions for carrying over unused credits to future tax periods. The "qualified employee" is defined as a member of the National Guard or a reserve component of the Armed Forces who receives orders for mobilization to active duty service.

Military Affairs and Security

https://www.njleg.state.nj.us/bill-search/2026/S1059