Provides corporation business tax credit for certain investment in manufacturing equipment and manufacturing facility renovation, modernization, and expansion, or hiring and training of new employees for manufacturing purposes.

This bill creates a 10% tax credit for corporations in New Jersey that invest in manufacturing equipment, renovate or expand manufacturing facilities, or hire and train new employees for manufacturing roles. The credit applies to projects located in designated Smart Growth Areas and is available for privilege periods starting between January 1, 2026, and January 1, 2028. Employers can carry forward any unused credit for up to seven years, and the total credit cannot exceed 50% of the tax liability owed. The legislation also requires a report to the Governor and Legislature by January 1, 2029, to assess the program's impact.