New Jersey Senate Bill S2918

New Jersey 2024-2025 Regular Session

• Introduced: 3/7/24
• Refer: 3/7/24

Caption

Allows corporation business tax and gross income tax credits to businesses employing released nonviolent offenders.

Impact

If enacted, S2918 will amend existing tax laws by introducing these credits, creating a financial incentive for employers to take a chance on hiring individuals with nonviolent criminal backgrounds. This is aligned with similar federal initiatives like the Work Opportunity Tax Credit, aiming to facilitate employment for individuals with criminal histories, thereby aiding their reintegration into society. The bill is intended to reduce recidivism rates by providing stable job opportunities and supporting the rehabilitation process of ex-offenders.

Summary

Senate Bill S2918 aims to encourage businesses in New Jersey to hire released nonviolent offenders by providing tax credits. Specifically, the bill allows a credit against the corporation business tax and the gross income tax for wages paid to such individuals. The tax credit is set at a rate of 15% of the wages, capped at $900 per released nonviolent offender employed during the privilege period. The definition of 'released nonviolent offender' includes adults who have committed less serious offenses, distinguishing them from those involved in dangerous criminal activities.

Contention

Discussions surrounding the bill are expected to focus on the balance between providing second chances to nonviolent offenders and ensuring workplace safety and job market integrity. Some stakeholders may argue that the tax credits could lead to abuses or may not sufficiently address the complex needs of integrating ex-offenders into the workforce. Additionally, concerns about potential social perceptions and stigmas surrounding hiring individuals with criminal records might surface, influencing the overall support for the bill in both legislative and public domains.