Bill
Bill > S1754
NJ S1754
NJ S1754Restricts authority to terminate reciprocal personal income tax agreements with other states.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 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 Commonwealth of Pennsylvania and the State of New Jersey.
AI Summary
This bill requires that the authority of the Director of the Division of Taxation to terminate any reciprocal personal income tax agreement with other states be limited to the enactment of a law 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 Pennsylvania and New Jersey.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (on 01/09/2024)
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/2024/S1754 |
| BillText | https://pub.njleg.gov/Bills/2024/S2000/1754_I1.HTM |
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