NJ S1667

Creates tax credits against corporation business tax and gross income tax for New Jersey businesses that employ neurodiverse individuals in STEM or artificial intelligence fields.

Full-time employee credits increase with retention: $7,000 in year one, $8,000 in year two, and $9,000 in year three and beyond; part-time employee credits are capped at $4,500 per year.

Qualified neurodiverse employees must be paid at least minimum wage, work in qualifying STEM/AI roles (not as independent contractors), and be certified as neurodiverse per guidelines from the Division of Vocational Rehabilitation Services and Division of Developmental Disabilities.

Total tax credits under the program are capped at $10 million per calendar year, and unused credits may be carried forward for up to seven years.

The Division of Vocational Rehabilitation Services must certify employee eligibility within 90 days of a complete application, with confidentiality protections for employee health information.