ARTICLE
16 October 2012

New Jersey Senate Proposes "New Jobs For New Jersey Act" That Provides Tax Credits To Small Private Sector Employers

OD
Ogletree, Deakins, Nash, Smoak & Stewart

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Ogletree Deakins is a labor and employment law firm representing management in all types of employment-related legal matters. Ogletree Deakins has more than 850 attorneys located in 53 offices across the United States and in Europe, Canada, and Mexico. The firm represents a range of clients, from small businesses to Fortune 50 companies.
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.
United States Tax

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.

Note: This article was published in the October 2012 issue of the New Jersey eAuthority.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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