A1776

New Jersey A1776 allows a tax credit for employing individuals with developmental disabilities.

New Jersey A1776 provides a tax credit for employers who hire individuals with developmental disabilities. The credit amounts to 10 percent of the salary and wages paid to these employees, with a maximum credit of $3,000 per employee and a total cap of $60,000 per taxpayer per year. This credit applies to both corporation business tax and gross income tax liabilities. The bill defines "employee with a developmental disability" as someone who has a developmental disability and is eligible for services from the Division of Developmental Disabilities in the Department of Human Services.