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 taxpayers to claim a credit equal to 10% of the qualified wages paid to a qualified veteran, with a maximum credit of $1,200 per veteran per tax year. To qualify for the credit, employers must ensure that at least 25% of their new employees are qualified veterans and that 50% of veterans hired in the previous tax 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 includes provisions to prevent misuse of the credits, such as prohibiting the use of the same wages for multiple tax credits and allowing the Director of the Division of Taxation to recapture credits if it is determined that an employer displaced existing employees to hire veterans solely for the credit. The credits are available for tax years commencing on or after January 1, 2020, and before January 1, 2024. Overall, the act aims to incentivize the hiring of veterans while ensuring that employers meet specific criteria to qualify for the tax benefits.