NJ S2604

Creates a tax credit program administered by the Division of Developmental Disabilities to encourage employers to hire and retain individuals with developmental disabilities, with up to $2 million in credits allocated annually

Provides employers a tax credit of $1 per hour worked by each eligible employee with a developmental disability, capped at $2,000 per employee and requiring a minimum of 500 hours worked in New Jersey

Defines developmental disability as a severe, chronic condition manifesting before age 22 that causes substantial functional limitations, including intellectual disability, autism, cerebral palsy, epilepsy, and spina bifida

Requires participating employers to provide health insurance meeting minimum essential coverage requirements and to submit annual applications by January 15 for credits based on the previous year's employment

Allows unused credits to be carried forward for up to seven years, with total credits limited to 50% of the employer's tax liability when combined with other credits