S.114

New Jersey S114 provides tax credits for employers who hire immediate family members of fallen Armed Forces members.

New Jersey S114 establishes tax credits for employers who hire immediate family members of members of the Armed Forces of the United States who were killed in action. Employers can claim a credit of up to ten percent of the wages paid to these family members, with a maximum credit of $1,200 per family member per tax year. To qualify, the family member must be a new employee and be employed full-time for at least nine consecutive months. The credits apply to both corporation business tax and gross income tax.