WeVote
Log In

Bill

BM

Bill

A 5361

Provides corporation business tax credits and gross income tax credits to employers that hire certain individuals through One-Stop Career Centers.

2024-2025 Regular Session Introduced by Bill Moen

New Jersey bill creates employer tax credits for hiring workers through state One-Stop Career Centers to boost workforce program participation.

Introduced in the Assembly, Referred to Assembly Labor Committee
#bustaxes #incometax
0
WeVote Research Nonpartisan
Bill Summary · A 5361

Legislative bill overview

Bill A 5361 creates tax credits for New Jersey employers who hire individuals through the state's One-Stop Career Centers (federally-funded workforce development programs). The bill offers both corporation business tax credits and gross income tax credits as incentives to use these public workforce development services.

Why is this important

One-Stop Career Centers connect job seekers with employers and provide training services, but face challenges competing with private recruitment methods. Tax credits could increase employer participation in the program, potentially improving job placement outcomes for vulnerable populations while strengthening the career center system. This addresses a real workforce development challenge using financial incentives rather than mandates.

Potential points of contention

  • Cost to state revenue: The bill doesn't specify credit amounts or caps, raising questions about total fiscal impact and whether revenue loss justifies the employment gains
  • Targeting and effectiveness: Unclear who qualifies as "certain individuals"—whether credits apply broadly or only to disadvantaged workers, affecting both scope and fairness of the program
  • Market distortion concerns: Critics may argue tax credits artificially favor one hiring method over others, potentially displacing private recruitment services without net job creation

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

Sign in to ask a question.