Increases benefit amount under New Jersey Earned Income Tax Credit program from 40 percent to 60 percent of federal benefit amount.

This bill creates tax benefits for lifelong learning accounts, which are used for worker training and education. It allows individuals to exclude employer contributions and account earnings from their income and provides tax credits for personal contributions. Employers can also receive tax credits for contributing to employee accounts, with additional benefits for small businesses. The bill also outlines rules for how these accounts must be managed and what expenses qualify for tax-free withdrawals.

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