NJ S3517

Creates a 1% corporation business tax credit for amounts paid to New Jersey small businesses for subcontracted work performed in the state

Defines "New Jersey small business" as a business located in New Jersey with fewer than 50 total employees, excluding affiliates, subsidiaries, or entities controlled by the taxpayer

Limits the total credits claimed (including this credit combined with others) to no more than 50% of the tax liability otherwise due

Requires the Director of Taxation to establish certification procedures for taxpayers claiming the credit

Takes effect immediately and applies to privilege periods beginning after enactment