NJ S1672

Provides a tax credit equal to 10% of salary and wages paid to employees with developmental disabilities, applicable to both corporation business tax and gross income tax

Caps the credit at $3,000 per employee with a developmental disability and $60,000 total per taxpayer per year

Defines eligible employees as those with a developmental disability who have been declared eligible for services by the Division of Developmental Disabilities in the Department of Human Services

Prohibits taxpayers from claiming this credit and the existing credit for employing persons with disabilities at occupational training centers or sheltered workshops for the same employee in the same year

Unused credits cannot be carried forward to future tax years, and credits cannot reduce tax liability below statutory minimums