Bill
Bill > A2761
NJ A2761
NJ A2761Restricts 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
01/12/2026
01/12/2026
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 restricts the authority of the Director of the Division of Taxation in the Department of the Treasury to terminate reciprocal personal income tax agreements with other states. The bill requires that any termination of such an agreement must be directed by the enactment of a law by the Legislature and the Governor. The bill is retroactive to October 19, 1977, which was the effective date of the Reciprocal Personal Income Tax Agreement between New Jersey and Pennsylvania.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Introduced, Referred to Assembly State and Local Government 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/A2761 |
| BillText | https://pub.njleg.gov/Bills/2024/A3000/2761_I1.HTM |
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