Wednesday, December 21, 2011

NJ passes national guard/reservist employment credit

This provides a corporation business tax and gross (personal) income tax credit to taxpayers who employ members of the National Guard or members of a reserve component of the Armed Forces who have received orders for mobilization to active duty service. The credit would be equal to 20% of the salary and wages paid by the taxpayer during the privilege period or tax year up to $2,000 for each qualified employee.
Hopefully DE will copy this idea!

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