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NJ A4604
Bill
Status
Introduced
3/10/2026
Primary Sponsor
Carol Murphy
Click for details
AI Summary
- Tax credit equal to 40% of the first $6,000 in wages paid to employees with developmental disabilities, up to $2,400 per qualified employee per year
- Applies to both corporation business tax and gross income tax liability for New Jersey businesses
- Qualified disabilities include conditions manifesting before age 22 that cause substantial functional limitations, including intellectual disability, autism, cerebral palsy, epilepsy, spina bifida, and other neurological impairments
- Credit cannot exceed 50% of tax liability when combined with other credits, and cannot be claimed if wages are already used for another state tax credit or grant
- Employers found to be displacing existing workers to obtain the credit face denial of the credit plus recapture of prior credits and a 50% penalty
Legislative Description
Allows corporation business tax and gross income tax credits to businesses employing certain persons with developmental disabilities.
Aging and Human Services
Last Action
Introduced, Referred to Assembly Aging and Human Services Committee
3/10/2026
Committee Referrals
Aging and Human Services Committee3/10/2026
Full Bill Text
No bill text available