NJ A1793

Creates the "Recovery Tax Credit Program" to provide tax incentives to New Jersey employers who hire and retain individuals in recovery from substance use disorder.

Certified employers may claim a tax credit of $1 per hour worked by each eligible individual, with a minimum of 500 hours required and a maximum credit of $2,000 per eligible employee.

The Director of the Division of Mental Health and Addiction Services may allocate up to $2,000,000 in total tax credits per calendar year, distributed on a pro rata basis if claims exceed the allocation.

Employers must provide a recovery-supportive environment with formal relationships with local recovery or treatment providers, and must offer employer-sponsored health insurance meeting minimum essential coverage requirements.

Tax credits may be applied against the Corporation Business Tax or Gross Income Tax, capped at 50 percent of the taxpayer's liability, with unused credits carried forward for up to seven years.