NJ S4120

Provides tax credits of $7,000 per full-time neurodiverse employee in the first year of employment, increasing to $8,000 in the second year and $9,000 in the third year and beyond

Allows a $4,500 annual tax credit for each part-time neurodiverse employee

Qualified neurodiverse employees must work in science, technology, engineering, math, or artificial intelligence fields and earn at least minimum wage

Caps total tax credits under the program at $10,000,000 per calendar year across both corporation business tax and gross income tax credits

Unused credits may be carried forward for up to seven years, and credits cannot reduce tax liability below the statutory minimum or below zero