NJ S3558

Provides a Corporation Business Tax credit equal to 25% multiplied by the ratio of New Jersey-made product purchases to total product purchases for retail sales, manufacturing, or production processes

Defines "New Jersey made product" as items where all or virtually all significant parts, processing, and labor originate from New Jersey, with only negligible out-of-state content permitted

Excludes from total cost calculations any products the taxpayer demonstrates could not be substituted with a similar New Jersey-made product; taxpayers are ineligible if two-thirds or more of costs qualify for this exclusion

Allows unused credits to be carried forward for up to seven privilege periods following the year the credit was earned

Takes effect for privilege periods beginning on or after January 1 following enactment, with the Director of Taxation authorized to adopt implementing regulations immediately