Bill Would Encourage Businesses to Hire the Unemployed
District 38 Senator Bob Gordon co-introduces bill that would give a tax credit to small business owners who hire those out of work for 30 days or longer.
District 38 Senator Bob Gordon (D - Bergen and Passaic) has introduced legislation designed to help encourage small businesses to hire those who have been out of work for 30 days or longer by providing them with a credit on their payroll taxes. Gordon and Senate President Steve Sweeney (D – Gloucester, Salem, Cumberland) introduced this bill, which is also known as the “New Jobs for New Jersey Tax Credit Program” last Friday, according to a statement from the New Jersey Senate Democrats. Under the program any business that employs 100 or fewer full-time people would become eligible for a tax credit against either their corporate businesses or gross income tax, whichever applies to them, for each unemployed person they newly hire. This …
