The bill establishes the Support for Victims of Domestic Violence Program in New Jersey, aimed at incentivizing businesses to provide essential goods and services to individuals who are recent victims of domestic violence, sexual assault, or stalking. Administered by the Division on Women in the Department of Children and Families, the program will create at least three support regions across the state, each with a domestic violence safety net plan that prioritizes necessary resources. Eligible businesses can receive tax credits, capped at $25 million per fiscal year, for their commitment to support these individuals. The bill outlines specific criteria for eligibility, mandates non-discrimination, and requires businesses to detail the goods and services they will provide.

Additionally, the bill sets forth a structured application process for tax credits, with specific caps for different categories of support: $15 million for housing and emergency accommodations, $10 million for household essentials and technology-related services, and $3 million for other goods or services. The Division is tasked with creating allocation formulas, establishing application and review requirements, and collaborating with the Director of the Division of Taxation to set standards for tax credit awards. The program will also involve regular data collection and annual reporting to the Governor and Legislature, ensuring accountability and opportunities for program improvement. Tax credits are limited to 50 percent of a taxpayer's liability and can be carried over for up to seven years.