NJ S3397

Employers can claim a tax credit equal to 15% of wages paid to qualified employees with disabilities, up to a maximum of $2,000 per employee per year, against both corporation business tax and gross income tax

Qualified employees must have a disability as defined under the Americans with Disabilities Act, work at least 35 hours per week, and earn at least $15 per hour; independent contractors and consultants are excluded

Taxpayers must obtain certification from the Division of Vocational Rehabilitation Services confirming an employee's qualifying disability status before claiming the credit

Applications for certification are automatically deemed approved if the director fails to respond within 90 calendar days, and certifications are deemed issued if not provided within 5 days of determination

Unused credits may be carried forward for up to seven years, but total credits cannot reduce corporation business tax liability by more than 50% or reduce gross income tax below zero