New Jersey A4024 provides tax credits for farm employers paying certain farm worker wages.

New Jersey A4024 mandates the Commissioner of Labor and Workforce Development to annually determine the regional farm wage by averaging the most recent agricultural wage data from Pennsylvania, New York, and Delaware. The bill provides corporation business tax credits and gross income tax credits to farm employers in an amount equal to the qualified compensation paid to employees of the farm employer during the taxable period. The credits cannot be less than zero and may be carried forward if not fully applied.

New Jersey A4024 provides tax credits for farm employers paying certain farm worker wages.

New Jersey A4024 mandates the Commissioner of Labor and Workforce Development to annually determine the regional farm wage by averaging the most recent agricultural wage data from Pennsylvania, New York, and Delaware. The bill provides corporation business tax credits and gross income tax credits to farm employers in an amount equal to the qualified compensation paid to employees of the farm employer during the taxable period. The credits cannot be less than zero and may be carried forward if not fully applied.