New Jersey S1622 provides tax credits for employers hiring military spouses.
New Jersey S1622 establishes a Military Spouse Employment Tax Credit Program within the Department of Labor and Workforce Development. This program offers tax credits to employers of nonresident military spouse employees. The tax credit is 15% of wages for employees working at least 120 hours but less than 400 hours, or 25% for those working at least 400 hours, up to a maximum of $2,400 per employee per tax year. The program aims to incentivize the employment of individuals affected by their spouse's military service.
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