New Jersey A748 allows tax credits for businesses employing qualified ex-offenders.

New Jersey A748 provides corporation business tax and gross income tax credits to businesses that hire qualified ex-offenders. A qualified ex-offender is defined as someone convicted of a crime in the state and hired within a year of conviction or release from incarceration. The credit equals 15% of the wages paid to the ex-offender, up to a maximum of $900 per ex-offender. This bill aims to encourage hiring of ex-offenders by reducing the tax burden on businesses that employ them.

New Jersey A748 allows tax credits for businesses employing qualified ex-offenders.

New Jersey A748 provides corporation business tax and gross income tax credits to businesses that hire qualified ex-offenders. A qualified ex-offender is defined as someone convicted of a crime in the state and hired within a year of conviction or release from incarceration. The credit equals 15% of the wages paid to the ex-offender, up to a maximum of $900 per ex-offender. This bill aims to encourage hiring of ex-offenders by reducing the tax burden on businesses that employ them.