Provides tax credits to restaurant owners to offset increase in State minimum wage rate.

This bill provides New Jersey restaurant owners with tax credits to offset higher labor costs from the state's increased minimum wage. The credit equals the difference between the new minimum wage (post-2019) and the previous rate, multiplied by employee hours worked, or $3.00 per hour for tipped staff. Credits are capped at $12,500 per employee, limited to three restaurant locations, and only available to owners with five or fewer total locations. The credit applies for ten years following the bill's effective date, covering taxable years starting after enactment.