Requires State to permit foundation of association health plan and other multiple employer welfare arrangements; provides tax credit to members of plan.

This bill allows chambers of commerce, trade associations, and nonprofit business coalitions in New Jersey to create their own group health insurance plans for their member businesses. To encourage participation, the legislation provides a state tax credit of up to $1,000 per employee annually for businesses enrolled in these new plans, with a maximum annual limit of $20,000 per taxpayer. Additionally, the bill requires the state to launch a public awareness campaign funded by at least $500,000 to inform businesses about these coverage options and offers grants to help organizations cover the administrative costs of managing the plans.