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NJ S1245

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

Linda Greenstein

Click for details

Origin

Senate

2026-2027 Regular Session

AI Summary

  • Creates a tax credit for New Jersey employers equal to 50% of wages paid to manufacturing machine and metal trade apprentices, capped at $7,500 per apprentice per year
  • Applies to both corporation business tax and gross income tax, effective for tax years beginning January 1, 2016
  • Covers metalworking occupations including machinists, toolmakers, tool and diemakers, model makers, moldmakers, and machine tool repairers
  • Requires apprentices to work at least 1,500 hours per year in a training program lasting no more than four years that includes wage progression, job training, and course instruction
  • Credits are nonrefundable and cannot reduce tax liability below statutory minimum amounts

Legislative Description

Establishes manufacturing machine and metal trade apprenticeship tax credit program.

Labor

Last Action

Introduced in the Senate, Referred to Senate Labor Committee

1/13/2026

Committee Referrals

Labor1/13/2026

Full Bill Text

No bill text available