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Bill

A 4137

New Jersey Battlefield to Boardroom Act; Provides corporation business tax credits and gross income tax credits for qualified wages of certain veterans.

2026-2027 Regular Session Introduced by Aura Dunn and 2 co-sponsors

The bill creates two NJ tax credits for employers paying qualified veterans wages to encourage veteran hiring and retention.

Introduced, Referred to Assembly Military and Veterans' Affairs Committee
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WeVote Research Nonpartisan
Bill Summary · A 4137

Summary of Bill A 4137 (New Jersey, 2026) — New Jersey Battlefield to Boardroom Act

Purpose and intent

  • The bill establishes targeted tax credits intended to encourage employers to hire and retain qualified veterans by tying veteran wages to corporate and personal tax incentives.
  • The overarching goal is to support veterans’ transition from military service to civilian employment, promote veteran workforce participation, and strengthen the connection between military skills and civilian job opportunities.

Key provisions

  • Tax credits authorized

    • Two parallel tax credit programs are created to benefit qualified wages paid to veterans:
    • Corporation Business Tax (CBT) credits: A credit against New Jersey’s corporate business tax for employers paying qualifying wages to veterans.
    • Gross Income Tax (GIT) credits: A credit against the New Jersey gross income tax for pass-through entities or individual filers paying qualifying wages to veterans.
    • The exact credit amount, calculation method, caps, and eligible wage thresholds are not specified in the provided summary; the bill would define these details in the bill text.

  • Qualified wages

    • The credits apply to wages paid to veterans who meet the bill’s defined “qualified veteran” criteria.
    • The scope may include wage levels, duration of employment, and/or job type requirements to retain eligibility for the credit.

  • Eligibility and limitations

    • The bill would specify eligibility criteria for employers (e.g., size, industry, or participation in approved veteran programs) and any sunset provisions, carryover provisions, or recapture rules if employment ceases before the eligibility period ends.
    • Potential link to veteran status verification processes (e.g., documentation or attestations) to prevent fraud.

  • Administration and compliance

    • Provisions to administer the credits, including who can claim them, filing requirements, and interactions with existing NJ tax credits.
    • Possible coordination with state labor or veterans’ services agencies for program integrity and outreach.

Who would be affected

  • Employers in New Jersey that pay wages to qualified veterans and are subject to the Corporation Business Tax or GIT (including pass-through entities).
  • Qualified veterans who are employed by those employers and whose wages qualify under the program.
  • State agencies (e.g., Department of the Treasury, and potentially the Division of Taxation) responsible for administering the credits, as well as veterans’ services agencies supporting outreach and verification.

Procedural and timeline aspects

  • Introduced: February 19, 2026
  • Referral: Assembly Military and Veterans' Affairs Committee
  • Sponsors:
    • Co-sponsors: Aura Dunn, Gerry Scharfenberger, Carol Murphy
  • As a newly introduced bill, specific implementation timelines, credit caps, performance metrics, and sunsetting dates would be defined in the bill’s text and any subsequent committee amendments or floor votes. The typical process would involve committee review, potential amendments, floor consideration, and votes before moving to the Senate and then to the governor for signature or veto.

Potential impacts and considerations

  • Economic impact: The credits could incentivize hiring of veterans and potentially boost veteran unemployment rates; the overall fiscal impact would depend on credit amounts, eligibility, and take-up.
  • Workforce development: May encourage employers to invest in training or onboarding programs tailored to veterans’ skills and credential gaps.
  • Administrative considerations: Tax authority would need clear rules on calculation, carryforwards, match with payroll records, and anti-fraud measures.

Note: The summary reflects information available from the bill’s title, action history, and sponsor information. The exact dollar amounts, credit rates, eligibility criteria, duration, and any sunset provisions would be specified in the full text of A 4137.

Compiled from official sources — confirm details with the bill’s official record.

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