This bill proposes tax credits for businesses that employ released nonviolent offenders, allowing them to receive a credit against the corporation business tax and the New Jersey Gross Income Tax. Specifically, businesses can claim a credit equal to 15 percent of the wages paid to each released nonviolent offender, capped at $900 per offender. The definition of a "released nonviolent offender" is provided, specifying that it includes adults who have committed certain nonviolent offenses and have completed their incarceration or community supervision.

The bill aims to incentivize the hiring of individuals with nonviolent criminal backgrounds, similar to the federal Work Opportunity Tax Credit. It emphasizes the importance of aiding the rehabilitation and reintegration of these individuals into society by providing financial benefits to employers who support their employment. The act is set to take effect immediately and will apply to wages paid in privilege periods and taxable years beginning after its enactment.