Bill
Bill > A748
NJ A748
NJ A748Allows corporation business tax and gross income tax credits to businesses employing qualified ex-offenders.
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
This bill allows corporation business tax and gross income tax credits to businesses that employ qualified ex-offenders. The amount of each credit would be equal to 15 percent of the wages paid to the ex-offender with a maximum of $900 per ex-offender. A qualified ex-offender is defined in the bill as a person who: (1) has been convicted of a crime of the first, second, third or fourth degree in this State; and (2) has been hired within one year of the date of conviction or release from incarceration. These State tax credits are modeled on the federal Work Opportunity Tax Credit (WOTC), which encourages employers to hire targeted groups of employees, including ex-felons. Under the federal WOTC, employers may claim a federal tax credit of up to 40 percent of the first $6,000 earned by an employee in the employee's first year, or $2,400.
AI Summary
This bill allows businesses to receive tax credits against their corporation business tax and gross income tax if they hire individuals who have been convicted of a first, second, third, or fourth-degree crime in the state and are hired within one year of their conviction or release from incarceration, with these individuals being referred to as "qualified ex-offenders." The credit is calculated as 15 percent of the wages paid to the qualified ex-offender, up to a maximum of $900 per ex-offender. For corporation business tax, the credit cannot exceed 50 percent of the total tax liability and any unused credit can be carried forward for seven years, while for gross income tax, any excess credit that cannot be used will be considered an overpayment. This initiative is similar to the federal Work Opportunity Tax Credit (WOTC), which incentivizes employers to hire specific groups, including ex-felons.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development 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/A748 |
| BillText | https://pub.njleg.gov/Bills/2026/A1000/748_I1.HTM |
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