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Bill > S563


NJ S563

NJ S563
Restricts authority to terminate reciprocal personal income tax agreements with other states.


summary

Introduced
01/14/2020
In Committee
11/09/2020
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill requires that the authority of the Director of the Division of Taxation in the Department of the Treasury to enter into reciprocal personal income tax agreements with other states is to be limited by restricting the termination of any such agreement to the enactment by the Legislature and the Governor of a law directing the termination of an agreement. This bill is retroactive to October 19, 1977, the effective date of the Reciprocal Personal Income Tax Agreement between the Commonweatlh of Pennsylvania and the State of New Jersey.

AI Summary

This bill requires that the authority of the Director of the Division of Taxation in the Department of the Treasury to enter into reciprocal personal income tax agreements with other states be limited by restricting the termination of any such agreement to the enactment of a law by the Legislature and the Governor directing the termination of the agreement. The bill is retroactive to October 19, 1977, the effective date of the Reciprocal Personal Income Tax Agreement between the Commonwealth of Pennsylvania and the State of New Jersey.

Committee Categories

Budget and Finance

Sponsors (6)

Last Action

Senate Budget and Appropriations Hearing (19:00 11/9/2020 The Senate Budget and Appropriations Committee will hold a publi) (on 11/09/2020)

bill text


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