NJ S983

Creates a $1,500 nonrefundable gross income tax credit for New Jersey residents who graduated from both a New Jersey high school and a New Jersey college/university with a GPA of 3.5 or higher

Requires recipients to be employed full-time (25+ hours per week) by a New Jersey employer within two years of graduating from their New Jersey higher education institution

Credit can be claimed for up to five consecutive tax years following the start of eligible employment, provided requirements continue to be met each year

Applies to graduates of both public and private New Jersey high schools, and public or private nonprofit New Jersey colleges and universities

Intended to incentivize New Jersey high school graduates to attend college in-state and remain in New Jersey for employment after graduation