S1015 / S2998

TRENTON � Legislation sponsored by Senator Jim Beach (D-Camden) that would promote job creation among our nation�s servicemen and women passed the full Senate 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.

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.

TRENTON – Two pieces of legislation sponsored by Senator Jim Beach (D-Camden) that would promote job creation among our nation’s servicemen and women and create a Veterans Haven Council cleared the Senate Military and Veterans’ Affairs Committee today.

The first 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.