As introduced: - Creates a tax credit against the corporation business tax and gross income tax for businesses with a headquarters in New Jersey that hire employees who lost a previous job due to automation. - Sets the credit at 10% of the salary and wages paid to the qualifying employee, capped at $2,500 per employee per year. - Requires the qualifying employee to be employed for at least seven months of the tax year for the employer to claim the credit.
| Date | Chamber | Action |
|---|---|---|
Feb 19, 2026 | — | Introduced, Referred to Assembly Labor Committee |
| Last Action | Feb 19, 2026 |
|---|---|
| Year | 2026 |
| Bill Type | Bill |
| Created | Mar 21, 2026 |
| Updated | Feb 21, 2026 |