This bill establishes a Military Spouse Employment Tax Credit Program, administered by the Commissioner of Labor and Workforce Development, aimed at incentivizing the hiring of nonresident military spouses by providing tax credits to employers. A "nonresident military spouse employee" is defined as an employee who earns at least the state minimum wage and is the spouse of an active duty member of the Armed Forces, who has been transferred to New Jersey. Employers can apply for tax credits based on the number of hours worked by these employees, with credits set at 15% of wages for those working between 120 and 400 hours, and 25% for those working 400 hours or more, capped at a maximum of $2,400 per employee per taxable year.

The bill also outlines the regulatory framework for implementing the program, allowing the commissioner to adopt necessary regulations and requiring periodic reporting on the tax credits awarded. The program is set to begin for taxable years starting on or after January 1, 2020. Overall, the bill aims to support military families by facilitating employment opportunities for spouses affected by military relocations.