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

This bill provides tax credits to New Jersey restaurant owners to help cover increased labor costs from the state's minimum wage hike. It allows a credit equal to the difference between the new minimum wage (post-2019 law) and the previous rate, multiplied by employee hours worked (or $3/hour for tipped staff), excluding delivery employees. The credit is capped at $12,500 per employee and only applies to restaurants with five or fewer locations. It covers both the business privilege tax and gross income tax for ten tax periods following the law's effective date.