Bill
Bill > S3687
NJ S3687
NJ S3687Allows tax credits for employing members of NJ National Guard and members of reserve component of US Armed Forces.
summary
Introduced
02/24/2026
02/24/2026
In Committee
02/24/2026
02/24/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill allows a corporation business tax credit or a gross income tax credit for employing members of the New Jersey National Guard or the reserve component of the Armed Forces of the United States. The credit amount is: $1,500 for each member who is employed by the taxpayer and who has not completed or returned from a deployment or activation; and $2,500 for each member who is employed by the taxpayer and who has completed or returned from a deployment or activation.
AI Summary
This bill allows businesses in New Jersey to receive tax credits for hiring members of the New Jersey National Guard or the reserve components of the U.S. Armed Forces, referred to as "qualified service members." Corporations can claim a credit against their corporate business tax, while individuals and other entities can claim a credit against their gross income tax. The credit amount is $1,500 for each qualified service member employed who has not been deployed or activated, and $2,500 for each qualified service member who has completed or returned from a deployment or activation. The bill also outlines procedures for applying these credits and allows the Director of the Division of Taxation to adopt emergency rules to implement the act, which takes effect immediately.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (on 02/24/2026)
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/S3687 |
| BillText | https://pub.njleg.gov/Bills/2026/S4000/3687_I1.HTM |
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