Provides tax credits to restaurant owners to offset increase in State minimum wage rate.

S 1877 provides New Jersey restaurant owners with tax credits to offset increased labor costs from the state's minimum wage hike. The bill calculates credits based on the difference between the new minimum wage (after P.L.2019, c.32) and the previous rate, multiplied by employee hours worked - $3 per hour for tipped staff, excluding delivery employees. Credits max out at $12,500 per employee and apply only to restaurants with five or fewer locations, covering up to 10 tax periods. This directly affects small restaurant businesses by reducing their tax burden tied to mandated wage increases.