Allows corporation business tax and gross income tax credits to businesses paying a salary differential to National Guard members or reservists on active duty.

Summary

The bill gives a credit against the corporate business tax and the New Jersey gross income tax to employers who have National Guard or reserve members called to active duty. The credit equals the portion of the employee’s regular salary that isn’t covered by military pay, subject to limits. It is intended to help businesses offset the cost of keeping these workers while they serve.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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