New Jersey S1579 provides tax credits for employers who hire military spouses who are nonresidents of the state.
New Jersey S1579 establishes a tax credit program for employers who hire military spouses who are nonresidents of the state. The tax credit is equal to 15% of the wages for employees working between 120 and 400 hours, or 25% for those working 400 hours or more, up to a maximum of $2,400 per tax year. The Military Spouse Employment Tax Credit Program is administered by the Commissioner of Labor and Workforce Development. The bill also outlines procedures for employers to apply for the tax credits and mandates periodic reports on the program's impact.
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