New Bill Establishes Tax Credits For Employers Of Teens; Helps Offset State’s Minimum Wage

A new bill aiming to help offset the cost of minimum wage increases while also expanding job opportunities for young people across New Jersey was introduced today by state Senator Troy Singleton.

The proposal would provide refundable tax credits to businesses in the state that employ workers under the age of 18, allowing employers to claim credits against either their corporate business tax or gross income tax based on the number of hours those employees work.

Singleton, a Democrat representing Burlington County, said the measure is designed to preserve entry-level job opportunities for teenagers as the state’s minimum wage continues to increase.

“For many young people, a first job is more than just a paycheck,” Singleton said in a statement. “It’s an introduction to responsibility, confidence, and long-term career pathways. As we continue to raise the minimum wage, this legislation ensures that businesses can still afford to hire young workers.”

Supporters say the measure could help small businesses manage increased labor costs while maintaining access to part-time and seasonal positions often filled by teenagers. The bill also aims to strengthen the state’s long-term workforce pipeline by encouraging early employment opportunities.

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