Provides corporation business tax and gross income tax credits for employing immediate family members of members of the Armed Forces of the United States who were killed in action.

This bill creates tax credits for New Jersey employers who hire immediate family members (spouse, child, or parent) of military members killed in action. Employers receive a 10% credit on qualified wages paid to these new hires, capped at $1,200 per family member per tax year, provided the employee works full-time for at least nine consecutive months. The credit is nonrefundable but can be carried forward for up to 20 years, and employers cannot combine it with other state tax credits for the same wages. It applies to both corporation business tax and gross income tax, effective for tax years starting after the bill's enactment.