New Jersey A3913 establishes a tax credit program for employers hiring nonresident military spouses.
New Jersey A3913 creates a Military Spouse Employment Tax Credit Program within the Department of Labor and Workforce Development. This program provides tax credits to employers of nonresident military spouse employees, aiming to encourage the employment of individuals affected by their spouse's military service. Employers can claim a tax credit based on the hours worked by the military spouse, up to a maximum of $2,400 per taxable year. The tax credit is applied against corporation business tax or gross income tax. The commissioner will issue tax credit certificates to qualifying employers.
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