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NJ S3688
Bill
Status
Introduced
2/24/2026
Primary Sponsor
Anthony M. Bucco
Click for details
AI Summary
- Provides a 15% tax credit on wages paid to employers who hire released nonviolent offenders, capped at $900 per employee per year, applicable to both corporation business tax and gross income tax
- Defines "released nonviolent offender" as an adult (18+) who committed a non-dangerous criminal or disorderly persons offense without use or threat of force, and has been released from incarceration or completed community supervision
- Excludes offenses covered under N.J.S. 52:4B-11(b)-(g), which are dangerous offenses eligible for Victims of Crime Compensation
- Limits the credit to 50% of the taxpayer's total tax liability when combined with other credits, with unused credits carrying forward for up to seven years
- Applies to wages paid in privilege periods and taxable years beginning after the bill's enactment
Legislative Description
Allows corporation business tax and gross income tax credits to businesses employing released nonviolent offenders.
Economic Growth
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee
2/24/2026
Committee Referrals
Economic Growth2/24/2026
Full Bill Text
No bill text available