NJ S1656

Provides a 15% tax credit against corporation business tax and gross income tax for wages paid to qualified employees with disabilities, capped at $2,000 per employee per year.

Qualified employees must have a disability as defined under the federal Americans with Disabilities Act, work at least 35 hours per week, and earn at least $15 per hour.

Employers must obtain certification from the Division of Vocational Rehabilitation Services confirming an employee's disability status; applications are deemed approved if no determination is made within 90 days.

Unused credits may be carried forward for up to seven subsequent tax years; corporation business tax credits cannot reduce liability below the statutory minimum or exceed 50% of tax otherwise due.

Independent contractors and consultants with disabilities do not qualify for the credit.