New Jersey employers investing in employee job training receive tax credits.

New Jersey employers investing in employee job training receive tax credits. Qualified employers can claim a credit of 10 percent of their human capital investment, up to $2,000 per employee. Human capital investment includes job training or work education programs resulting in an industry-recognized credential. The credit applies to employers with annual gross receipts under $2.5 million and operating in the state for fewer than 10 years. The bill takes effect immediately and applies to tax periods starting after January 1 following enactment.

New Jersey employers investing in employee job training receive tax credits.

New Jersey employers investing in employee job training receive tax credits. Qualified employers can claim a credit of 10 percent of their human capital investment, up to $2,000 per employee. Human capital investment includes job training or work education programs resulting in an industry-recognized credential. The credit applies to employers with annual gross receipts under $2.5 million and operating in the state for fewer than 10 years. The bill takes effect immediately and applies to tax periods starting after January 1 following enactment.