New Jersey S1516 allows tax credits for businesses employing qualified ex-offenders.
New Jersey S1516 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 is 15 percent of the wages paid to the ex-offender, up to a maximum of $900 per ex-offender. This act supplements existing tax laws and takes effect immediately for wages paid after its enactment.
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