Establishes program to incentivize hiring and continued employment of individuals with developmental disabilities.

New Jersey's S 2604 establishes a tax credit program to encourage employers to hire and retain people with developmental disabilities. Employers who meet specific criteria - such as providing health insurance and employing eligible individuals for at least 500 hours - can claim a credit of $1 per hour worked, capped at $2,000 per employee annually. The program allocates up to $2 million yearly for tax credits, with credits distributed pro rata if total claims exceed the budget. It directly affects New Jersey employers and individuals with qualifying developmental disabilities, defined as severe, chronic conditions manifesting before age 22 that cause substantial functional limitations.