S.3727

Provides tax credits to companies contributing to loan and loan redemption program for residents who attend institutions of higher education in State and work at such company upon graduation.

Introduced·3/5/26
Introduced Text

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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  • Core Provisions
  • Implementation
  • Impact
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  • Critical Issues

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Where it stands

Current
Higher Eduction Committee
Next
Committee decision

Sponsors

0
1
R
Democratic CaucusRepublican Caucus

History

Mar 5

Senate

Introduced in the Senate, Referred to Senate Higher Education Committee