NJ Bill Proposes Small-Biz Credit For Rehired Workers

New Jersey would allow small businesses that laid off workers due to the coronavirus pandemic and then hired them back into their original roles to claim a tax credit, under a bill introduced in the state Senate.

S.B. 3613, which Sens. Nicholas Scutari, D-Linden, and Vin Gopal, D-Long Branch, introduced Monday, would allow businesses with 100 employees or fewer to claim a $250 income tax credit per employee who is rehired after being laid off during the pandemic.

The credit would be available for the 2020, 2021 and 2022 tax years.

--Editing by Vincent Sherry. 

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