NJ A3216

Establishes the Child and Adolescent Mental Health Loan Redemption Program through the Higher Education Student Assistance Authority, providing up to $1,000 annually to licensed mental health professionals who work full-time counseling children and adolescents, for a maximum of four years

Requires program participants to be New Jersey residents with outstanding student loans who are not in default, and to submit annual proof of residency, employment certification, and loan balance documentation

Creates a separate gross income tax credit of up to $1,000 per taxable year for licensed mental health professionals employed full-time in child and adolescent mental health counseling

Eligible mental health professionals include those licensed by various regulatory boards including the State Board of Medical Examiners, Psychological Examiners, Social Work Examiners, Marriage and Family Therapy Examiners, and related counseling committees

Makes knowingly providing false information to receive loan redemption payments a fourth-degree crime, punishable by up to 18 months imprisonment and/or up to $10,000 fine