New Jersey Senate Proposes “New Jobs for New Jersey Act” That Provides Tax Credits to Small Private Sector Employers

On September 20, 2012, a bill (S2211) was introduced that, generally speaking, would make employers with 100 or fewer full-time employees eligible for a tax credit (against the corporation business tax or the gross income tax, whichever applies), for each employee hired into a full-time position, so long as the employee was previously unemployed for more than 30 days.