Allows tax credits for employing members of NJ National Guard and members of reserve component of US Armed Forces.

This bill provides tax credits to New Jersey businesses that employ members of the New Jersey National Guard or military reserve components (like Army Reserve). Employers receive a $1,500 credit per qualified service member not yet returned from deployment, or $2,500 for those who have completed or returned from deployment. The credit applies to both corporation business tax and gross income tax, directly reducing tax liability for qualifying employers. It affects businesses hiring military reservists in New Jersey, with credits calculated based on deployment status.