NJ S64

Establishes the "New Jobs for New Jersey Act" providing refundable tax credits to employers with 100 or fewer full-time employees who hire unemployed workers after April 1, 2021

Tax credit amount equals the total employer payroll taxes paid for each eligible individual, including federal Social Security, Medicare, unemployment taxes, and state unemployment and disability assessments

Eligible individuals must have been unemployed for at least 30 days before being hired and work full-time (35+ hours per week); employers must show a net increase in full-time employees compared to the 12-month period before April 1, 2021

Credits can be claimed against either the corporation business tax or gross income tax for tax years 2021, 2022, or 2023, with approved employers able to continue receiving credits for up to four additional years

Requires the Commissioner of Labor and Workforce Development to submit annual reports to the Legislature through 2027 on program costs, participating employers, total tax credits issued, and jobs created