New Jersey S3727 provides tax credits to companies contributing to a loan and loan redemption program for residents attending higher education.
New Jersey S3727 establishes the New Jersey Talent Retention Loan and Loan Redemption Program within the Higher Education Student Assistance Authority (HESAA). The program aims to retain highly qualified students in New Jersey by allowing businesses to finance the education of students at state institutions through contributions to the New Jersey Talent Retention Loan Fund. Companies contributing to the fund can select students for loans, and students must agree to work for these companies upon graduation.
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