Ideas

Troy Singleton
Senator | Mount Laurel, NJ

Battlefields to Boardrooms

Idea Category: Jobs and Entrepreneurship, Smart Government

Problem

Veterans have a higher unemployment rate than the broader labor market. The idea that veterans come home and have trouble finding long-term employment is unacceptable.

Solution

My proposal utilizes our tax code to encourage employers to provide work opportunities to those who have honorably served our country. The NJ Battlefield to Boardroom Act would provide a corporation business tax credit and gross income tax credit for qualified wages of certain veterans. These two credits would provide an employer with a credit in the amount of 10 percent of the wages paid to a veteran. The credits may not exceed $1,200 for each qualified veteran per tax year. The bill also contains provisions aimed at preventing potential misuse of the credit, prohibiting taxpayers from simultaneously using the wages or employment of a veteran to qualify for this credit and any other generally available employment incentive that comes in the form of a New Jersey tax credit or grant.

More Idea’s From Troy Singleton

Recruiting More Male Teachers of Color

Idea Category: Education, Equity & Opportunity | Funding Source: ARP

Restoring Confidence in Elections

Idea Category: Defending Democracy | Funding Source: ARP

Election Transparency and Integrity

Idea Category: Defending Democracy | Funding Source: ARP

Civics Education – Middle School through College

Idea Category: Defending Democracy, Education | Funding Source: ARP

Tax Abatement Accountability

Idea Category: Jobs and Entrepreneurship, Smart Government | Funding Source: ARP

Citizen Co-Sponsor

Idea Category: Smart Government | Funding Source: ARP

Accelerated Career Certification for the Unemployed/Underemployed

Idea Category: Jobs and Entrepreneurship | Funding Source: ARP

Supporting Workers in the Gig Economy

Idea Category: Safety Net | Funding Source: ARP