New Jersey S1667 provides corporation business and gross income tax credits for businesses employing and retaining neurodiverse individuals in STEM.
New Jersey S1667 offers tax credits to businesses that hire and retain neurodiverse individuals working in science, technology, engineering, math, or artificial intelligence fields. The credits apply to both full-time and part-time employees, with varying maximum amounts based on the number of consecutive years the employee is retained. The Director of the Division of Vocational Rehabilitation Services must certify the eligibility of these employees. The total annual tax credits are capped at $10 million.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.