Panel advances workplace skill savings program that would include $25 million appropriation

Mar 2, 2026

Senate Bill 1841 to create workplace skill savings accounts with a $25 million appropriation was released from committee; senators raised questions about covered licenses and tax treatment of matching funds, and one senator abstained pending more detail.

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Senate Bill 1841, which would establish a New Jersey workplace skill savings program and appropriate $25 million to enable residents or employees to save for job training, licensure and career development, was released from the Senate Labor Committee after brief questions about its scope.

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