S 990 New Jersey Senate · 2024-2025 Regular Session

The New Jersey Battlefield to Boardroom Act; provides corporation business tax credits and gross income tax credits for qualified wages of certain veterans.

This bill provides tax credits to New Jersey employers who hire "qualified veterans" (NJ residents honorably discharged since 1965 with proof of service). Employers receive a 10% credit on qualified wages paid to these veterans, capped at $1,200 per veteran annually, for wages earned during sustained employment (at least 185 business days). To qualify, employers must hire 25% new veterans (or 50% retention from prior year), offer workplace veteran support services, and conduct targeted recruitment. The credit applies only to wages paid between 2020-2024 and cannot be combined with other state employment tax credits or grants.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Military and Veterans' Affairs Committee
upper
2 primary · 1 co-sponsor

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