Allows credit against corporation business tax and gross income tax liability for employing persons with a developmental disability.

This bill (A2848) allows New Jersey businesses to claim a tax credit against their corporation business tax or gross income tax for hiring employees with developmental disabilities. The credit equals 10% of the employee’s salary (capped at $3,000 per employee annually) and totals $60,000 per business per year. To qualify, the employee must have a developmental disability as defined by state law (N.J.S.A. 30:6D-25) and be declared eligible by the Division of Developmental Disabilities. Businesses cannot claim this credit for the same employee if they also claim the existing credit for hiring at a sheltered workshop or training center.