New Jersey S2015 establishes a program providing tax credits to employers who offer paid leave for employees to attend their child's school events.
New Jersey S2015 creates a program allowing employers to offer up to two full workdays of paid leave for employees to attend their child's school-related events. Employers who provide this leave are eligible for tax credits. The tax credits can be applied against corporation business tax or gross income tax. The program includes regulations for eligibility, wage record-keeping, and tax credit application. The tax credit amount is capped at $10,000,000 annually. The bill also mandates biennial reports on the program's impact.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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