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A 232NEW JERSEYSession 222State Billin committee

New Jersey creates gross income tax credit for research and development expenses

Original title: Provides research and development tax credit under gross income tax.

Last action · January 13, 2026: Introduced, Referred to Assembly Science, Innovation and Technology CommitteeSponsors: Azzariti Jr., John V., M.D. and 6 others

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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What This Bill Would Do

New Jersey establishes a research and development tax credit under the gross income tax equal to 10 percent of exceeding a base amount and 10 percent of , effective immediately for taxable years beginning on or after enactment.

Why it matters

Taxpayers with research and development expenditures conducted within New Jersey can offset gross income tax liability, with unused credits eligible for a seven-year carryover.

Background

Taxpayers subject to the New Jersey corporation business tax previously had access to research and development tax credits, while gross income tax filers did not. context

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

New Jersey gross income tax payers

Taxpayers conducting research and development can claim a tax credit against their New Jersey gross income tax liability.

Directly affected

Partnerships and New Jersey S corporations

These entities calculate and allocate the research tax credit to their partners or shareholders based on their share of income.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Who qualifies for the research and development tax credit?

Taxpayers subject to the New Jersey gross income tax who have or for research conducted in the State.

What happens if a taxpayer cannot use the entire credit in a single tax year?

The unused amount of credit may be carried over to the seven taxable years immediately following the taxable year for which the credit is allowed.

What else do you want to know?

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Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

1 action

Jan 13, 2026HouseIntroduced
Introduced, Referred to Assembly Science, Innovation and Technology Committee

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Connected Entities

Division of Taxation, New Jersey

OrganizationDivision of Taxation“Director determines terms affecting the calculation of the credit.”Map →

locationNew Jersey“State where research must be conducted to qualify for the tax credit.”Map →

Sources

Open source document

njleg.state.nj.us

Analysis Score

0–100

Significance60
How much this matters to a regular citizen
Controversy15
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz30
Current news / social attention level

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