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Committee advances bill to offer tax credits to employers of neurodiverse workers

State Senate Committee (hearing) · May 22, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

SB4120 would provide corporate and gross income tax credits to businesses hiring and retaining certain neurodiverse individuals, with amendments capping annual credits at $10 million and requiring jointly issued eligibility guidelines. Advocates from Arc of New Jersey testified in support.

The committee advanced SB4120, a measure that would create corporate and gross income tax credits for businesses that employ and retain certain neurodiverse individuals.

Committee staff told the panel the bill’s proposed amendments would limit the issuance of tax credits to no more than $10,000,000 in any calendar year and require that guidelines for determining…

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