Loading chat...
NJ S1622
Bill
Status
1/9/2024
Primary Sponsor
Andrew Zwicker
Click for details
AI Summary
-
Establishes the Military Spouse Employment Tax Credit Program administered by the New Jersey Department of Labor and Workforce Development to incentivize hiring spouses of active duty military members transferred to the state
-
Provides a tax credit of 15% of wages for nonresident military spouse employees working 120-399 hours per year, or 25% of wages for those working 400+ hours per year
-
Caps the maximum tax credit at $2,400 per nonresident military spouse employee per taxable year
-
Applies to nongovernmental employers including nonprofits, corporations, LLCs, partnerships, and sole proprietorships, with credits applied against corporation business tax or gross income tax
-
Requires the Commissioner to submit reports to the Governor and Legislature every three years detailing tax credit recipients and amounts awarded
Legislative Description
Allows ranked-choice voting options for municipal and school board elections under certain circumstances.
State Government, Wagering, Tourism & Historic Preservation
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
1/9/2024