The New Jersey Battlefield to Boardroom Act establishes corporation business tax credits and gross income tax credits for employers who hire qualified veterans. Specifically, the bill allows a credit equal to 10% of the qualified wages paid to a qualified veteran, with a maximum credit of $1,200 per veteran for each tax year. To qualify for these credits, employers must ensure that at least 25% of their new employees are qualified veterans and that 50% of veterans hired in the previous year remain employed. Additionally, employers are required to provide accessible veteran support services, conduct recruitment efforts for veterans and their families, and comply with the federal Uniformed Services Employment and Reemployment Rights Act, offering additional privileges beyond those mandated by federal law.

The bill also includes provisions to prevent misuse of the credits, such as prohibiting the simultaneous use of a veteran's wages for multiple tax credits or grants. If the Director of the Division of Taxation finds that an employer has displaced existing employees to hire veterans solely to obtain the credit, the employer may face penalties, including the recapture of credits plus an additional 50% penalty. The credits are available for tax years starting from January 1, 2020, to January 1, 2024.