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

This bill creates tax credits for New Jersey businesses that employ members of the New Jersey National Guard or reserve components of the U.S. Armed Forces. Employers receive a $1,500 credit per service member not on deployment, or $2,500 for those who have completed deployment or returned from activation. The credits apply to both the corporation business tax and gross income tax, with specific rules for partnerships and S corporations. It directly affects New Jersey businesses hiring these service members, providing financial incentives based on their deployment status.