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NJ S4118
Bill
Status
1/30/2025
Primary Sponsor
Andrew Zwicker
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AI Summary
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Establishes the Inclusive Workplaces Program within the New Jersey Economic Development Authority to provide financial incentives for employers creating neurodiversity-friendly work environments
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Small businesses (fewer than 150 employees with at least one neurodivergent employee) can receive grants up to $25,000 for future capital and workforce investments, with $2.5 million appropriated annually for this purpose
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Large businesses (150+ employees with at least three neurodivergent employees) can receive tax credits equal to the lesser of $25,000 or 50% of qualified investments already made, capped at $2.5 million annually
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Eligible investments include sensory-friendly workspace layouts (quiet zones, lighting adjustments), adaptive equipment (noise-cancelling headphones, organization tools), and workforce training programs (mentorships, neurodiversity-focused management seminars)
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Tax credits may be carried forward for five years and can be sold or assigned to other taxpayers for at least 85% of the credit value
Legislative Description
Establishes Inclusive Workplaces Program in EDA to provide grants and tax credits to encourage employer investment in workspaces inclusive of neurodivergent employees; appropriates $2.5 million.
Economic Growth
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee
1/30/2025