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NJ S227
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Shirley Turner
Click for details
AI Summary
- Creates tax credits equal to 15% of wages paid to qualified ex-offenders, capped at $900 per ex-offender per year, applicable to both corporation business tax and gross income tax
- Defines "qualified ex-offender" as someone convicted of a first, second, third, or fourth degree crime in New Jersey who is hired within one year of conviction or release from incarceration
- Limits corporation business tax credits to 50% of total tax liability when combined with other credits, with unused credits carrying forward for up to seven years
- Allows gross income tax credits to be applied after all other credits, with excess amounts treated as overpayments eligible for refund
- Modeled after the federal Work Opportunity Tax Credit (WOTC), which provides up to $2,400 for hiring ex-felons
Legislative Description
Allows corporation business tax and gross income tax credits to businesses employing qualified ex-offenders.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/13/2026
Committee Referrals
Commerce1/13/2026
Full Bill Text
No bill text available