NJ A1471

Establishes a Military Spouse Employment Tax Credit Program administered by the Department of Labor and Workforce Development to provide tax credits to employers who hire nonresident military spouses of active duty Armed Forces members transferred to, domiciled in, or relocated to New Jersey

Provides a 15% tax credit on wages for military spouse employees working 120-399 hours per year, or a 25% tax credit for those working 400+ hours per year

Caps the maximum tax credit at $2,400 per nonresident military spouse employee per tax year

Applies to nongovernmental employers including nonprofits, corporations, LLCs, partnerships, and sole proprietorships, with credits applicable against either corporation business tax or gross income tax

Requires the Commissioner to submit reports every three years detailing the names, locations, and tax credit amounts awarded to participating employers