NJ S2611

Creates a tax credit program administered by the Division of Developmental Disabilities to incentivize hiring individuals with developmental disabilities, with up to $2,000,000 in credits allocated annually.

Employers receive a $1 tax credit per hour worked by each eligible employee, up to a maximum of $2,000 per individual, with a minimum requirement of 500 hours worked.

Developmental disabilities covered include intellectual disability, autism, cerebral palsy, epilepsy, spina bifida, and other neurological impairments that manifest before age 22 and result in substantial functional limitations.

Certified employers must provide minimum essential health coverage to eligible employees and apply annually by January 15 for credits based on the prior calendar year's employment.

Credits may be applied against corporation business tax or gross income tax, limited to 50% of tax liability, with unused credits carried forward for up to seven years.