Allows corporation business tax and gross income tax credits to businesses paying a salary differential to National Guard members or reservists on active duty.

This bill provides tax credits to New Jersey businesses that pay National Guard or reserve component members a salary differential while they're on active duty. Specifically, businesses can claim a credit equal to the amount they pay to cover the difference between the employee's regular salary and their military pay during active duty. The credit applies against both corporation business tax and gross income tax, capped at 50% of the tax liability for the relevant period. It directly affects employers in New Jersey with qualifying National Guard or reserve employees receiving active duty orders. The credit can be carried forward for up to seven years if not fully used in the initial tax period.