Bill > A4849

This bill requires the New Jersey State Treasurer to issue a report concerning New York's taxation of New Jersey residents' income. The report will include information on the State's efforts to address the inequity of New York's taxation of New Jersey residents who work from home, the estimated tax credits granted to New Jersey residents for income taxes paid to New York, steps the State may take to protect its public finances and residents' paychecks, an estimate of potential tax savings for New Jersey residents, a discussion of legal impediments, analysis of how other states address similar issues, the State's efforts to participate in related litigation, and recommendations on resolving the inequitable tax treatment of New Jersey commuters working for New York employers.

Business and Industry

https://www.njleg.state.nj.us/bill-search/2022/A4849