Provides corporation business tax and gross income tax credits for businesses that employ apprentices in DOL registered apprenticeships.

New Jersey's S 2195 provides tax credits to businesses that hire apprentices in U.S. Department of Labor (DOL)-registered programs. Businesses can claim a $1,000 base credit per apprentice per tax period, with an additional $2,000 for veterans, displaced workers, those from underrepresented groups, or individuals previously incarcerated. To qualify, apprentices must be employed for at least seven months during the tax period, and credits cannot exceed four tax periods per apprentice. The bill prohibits using these credits to displace existing workers or undermine collective bargaining agreements.