Bill
Bill > A2681
NJ A2681
NJ A2681Increases tax credits for investments made in emerging technology businesses under "New Jersey Angel Investor Tax Credit Act."
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 increases the amount of the tax credits provided under the "New Jersey Angel Investor Tax Credit Act" for qualified investments made in New Jersey emerging technology businesses. Under current law, taxpayers are allowed credits against the gross income tax and corporation business tax equal to 20 percent of a qualified investment made by the taxpayer in a New Jersey emerging technology business, in a New Jersey emerging technology business holding company that makes a verified transfer of funds to a New Jersey emerging technology business, or in a qualified venture fund. Taxpayers can qualify for an additional five percent credit provided that the qualified investment is made in an emerging technology business that is located in an opportunity zone or a low-income community, is a minority or women's business, or, in the case of a qualified venture fund, if the qualified venture fund commits by contract to invest 50 percent of its funds in diverse entrepreneurs. The bill would increase the amount of the tax credit provided to taxpayers that make qualified investments from 20 to 30 percent while increasing the total amount of the tax credit provided for taxpayers that qualify for the additional five percent credit from 25 to 35 percent.
AI Summary
This bill increases the tax credits available to individuals and corporations for investing in New Jersey's emerging technology businesses, a sector focused on innovation in areas like advanced computing, biotechnology, and renewable energy. Specifically, the bill raises the standard tax credit for qualified investments from 20% to 30% of the investment amount. Furthermore, it boosts the credit to 35% for investments that meet certain criteria, such as being in an opportunity zone, a low-income community, or a minority or women-owned business, or if a venture fund commits to investing a significant portion in diverse entrepreneurs. These changes are intended to encourage more investment in these key industries within the state.
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/A2681 |
| BillText | https://pub.njleg.gov/Bills/2026/A3000/2681_I1.HTM |
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