TRENTON – Legislation sponsored by Senator Jim Beach (D-Camden) that would promote job creation among our nation’s servicemen and women cleared the Senate Budget and Appropriations Committee today.
The bill, S-1015, would permit businesses that hire National Guard or reservists mobilized to active duty service to receive either corporation business tax or gross income tax credits. The amount of the credit would be equal to 20 percent of the employee’s salary and wages paid during the privilege period, but would not exceed $2,000 for each qualified employee. Senators Steve Oroho (R-Sussex, Morris, Hunterdon) and Anthony Bucco (R-Morris) also cosponsored the legislation.
“The individuals who protect our country should not have to face the additional hardship of being unable to find work because of their service,” said Beach. “This bill will provide an incentive for businesses, who might otherwise hesitate from doing so, to hire National Guardsmen and women.”
Currently, National Guard and reservists often face a lack of employer support during their service. New Jersey’s National Guardsmen and women and reservists unselfishly protect New Jersey and our country, but because they serve part-time and have non-military employers at their full-time jobs, they do not have as much employer support as their full-time counterparts.
S-1015 now heads to the full Senate.