S 1059 New Jersey Senate · 2026-2027 Regular Session

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 creates tax credits for New Jersey businesses that pay a salary differential to employees serving in the National Guard or reserve forces during active duty. Specifically, businesses can claim a credit equal to the amount they pay to make up the difference between an employee's regular salary and their military pay during active duty. The credit applies to both corporation business tax and gross income tax, but cannot exceed 50% of the business's tax liability for that period. It directly affects New Jersey employers with qualifying National Guard or reserve members who receive military orders for active duty.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2026

Committee Review

Floor Vote

Governor

Introduced Jan 13, 2026 Last action Jun 11, 2026

Maddy AI version diff · 1 comparison

What changed between versions

Technical Review Of Prefiled Bill → Introduced · 4 edits · Jan 13, 2026

MODERATE

The bill moved from technical review status to introduced status. Senator Amato was removed as a co-sponsor, leaving only Senator Space. A standard STATEMENT section was added at the end summarizing the bill's purpose in plain language. The remaining changes are minor formatting adjustments (e.g., '50 percent' changed to '50%').

TECHNICAL

Co-sponsor list reduced from Senators Space and Amato to Senator Space only.

A STATEMENT section was added at the end of the bill providing a plain-language summary: the bill gives corporation business tax and gross income tax credits to businesses employing National Guard or reserve members who receive mobilization orders, with the credit equal to the difference between the employee's regular pay and military pay.

The status line changed from 'As reported by the Senate Military and Veterans' Affairs Committee with technical review' to 'Introduced Pending Technical Review by Legislative Counsel,' reflecting the bill's new procedural stage.

Instances of '50 percent' were changed to '50%' in two subsections dealing with credit limitations. No substantive policy change.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 11, 2026

Committee

Referred to Senate Budget and Appropriations Committee

upper

Jan 13, 2026

Introduced

Introduced in the Senate, Referred to Senate Military and Veterans' Affairs Committee

upper

2 primary · 1 co-sponsor