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.

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.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written