The “New Jobs for New Jersey Act” Passes in Both the Senate and the Assembly

On February 7 and February 14, 2013, the “New Jobs for New Jersey Act” passed in the Senate (S2211) and the Assembly (A3312), respectively. As noted in the October 2012 issue of the New Jersey eAuthority, this bill seeks to 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.