New Jersey · 2026-2027 Regular Session · Bill

S 3560: Increases qualified research expenses tax credit for corporation business taxpayers engaged in targeted industries; increases basic research payment tax credit; allows research tax credit to be refundable.

In committee Last action February 19, 2026: Introduced in the Senate, Referred to Senate Economic Growth Committee

Plain-language summary

S 3560 is a bill introduced in the New Jersey Senate on February 19, 2026. According to its official title, it concerns: Increases qualified research expenses tax credit for corporation business taxpayers engaged in targeted industries; increases basic research payment tax credit; allows research tax credit to be refundable. Primary sponsor: Linda Greenstein (Democratic). Most recent recorded action (February 19, 2026): Introduced in the Senate, Referred to Senate Economic Growth Committee.

Sponsors

Primary sponsor: Linda Greenstein (Democratic).