NJ S2888

Provides a tax credit equal to 40% of the first $6,000 in wages paid to employees with developmental disabilities, up to $2,400 per qualified employee per year

Applies to both corporation business tax and gross income tax, allowing businesses of various structures to claim the credit

Defines qualified developmental disabilities as severe, chronic conditions manifesting before age 22 that cause substantial functional limitations, including intellectual disability, autism, cerebral palsy, epilepsy, spina bifida, and other neurological impairments

Limits total credits (combined with other allowed credits) to no more than 50% of the taxpayer's total tax liability for the period

Prohibits employers from claiming the credit if the wages are already included in another state tax credit calculation, and imposes penalties plus recapture of credits if employers displace existing workers to hire disabled individuals primarily to obtain the credit