Allows corporation business tax credit for subcontracting work to NJ small businesses.

This bill creates a 1% tax credit against New Jersey's corporation business tax for corporations that pay New Jersey small businesses for subcontracted work performed in the state. It directly affects corporations paying qualifying subcontractors, defined as New Jersey-based businesses with fewer than 50 employees that are not affiliates of the paying corporation. The credit equals 1% of the amount paid to these small businesses for work subcontracted to fulfill the corporation's own contracted duties. The credit is limited to 50% of the corporation's tax liability and cannot reduce the tax below the statutory minimum.