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

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 who qualifies as a ‘‘qualified neurodiverse employee’’ be issued jointly by the director and the assistant commissioner of the Division of Developmental Disabilities in the Department of Human Services, with consultation from the Division of Taxation.

Sharon Levine, senior director of governmental affairs at the Arc of New Jersey, testified in support and asked the committee to back the measure and the amendment adding the Division of Developmental Disabilities to the guidance process. Levine said supported employment programs have had success but that tax incentives would encourage businesses to open doors to employees with intellectual and developmental disabilities.

Committee members sought clarification on the bill’s language. One senator urged more precise definition or examples of who the bill intends to benefit, saying the word “neurodiverse” is broad; committee staff and supporters confirmed the amendment narrows eligibility and directs agencies to issue defining guidelines. After brief questions and a motion, the committee recorded roll-call votes and released the bill as amended.