New Jersey S3046 provides tax credits for businesses hiring workers displaced by automation.

New Jersey S3046 offers a corporation business and gross income tax credit for businesses with a headquarters in New Jersey that hire individuals who lost their jobs due to automation. The credit equals 10 percent of the salary and wages paid to each qualifying employee, up to $2,500 per employee per year. To qualify, the employee must be hired for at least seven months. The bill defines "automation" as a device, process, or system that replaces human labor and functions without continuous input from an operator.

New Jersey S3046 provides tax credits for businesses hiring workers displaced by automation.

New Jersey S3046 offers a corporation business and gross income tax credit for businesses with a headquarters in New Jersey that hire individuals who lost their jobs due to automation. The credit equals 10 percent of the salary and wages paid to each qualifying employee, up to $2,500 per employee per year. To qualify, the employee must be hired for at least seven months. The bill defines "automation" as a device, process, or system that replaces human labor and functions without continuous input from an operator.