Bill
Bill > A5077
NJ A5077
NJ A5077Requires Director of Division of Taxation to conduct study on impact of State business income taxation on business out-migration, formation, and employment for previous and upcoming tax years.
summary
Introduced
01/19/2023
01/19/2023
In Committee
01/19/2023
01/19/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Requires Director of Division of Taxation to conduct study on impact of State business income taxation on business out-migration, formation, and employment for previous and upcoming tax years.
AI Summary
This bill requires the Director of the Division of Taxation to conduct a study on the impact of New Jersey's business income taxes on business out-migration, formation, and employment for the previous and upcoming eight-year period. The study will examine tax return data and produce a Retrospective Tax Policy Impact Report with findings and recommendations on how to improve the state's business climate and decrease the financial impact of taxes on businesses. The Director will then submit an annual Tax Policy Impact Report for the first eight years after the bill's effective date, providing updated data and recommendations.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 01/19/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A5077 |
| BillText | https://pub.njleg.gov/Bills/2022/A9999/5077_I1.HTM |
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