Bill > A11453

This bill clarifies how businesses that provide professional employer organization (PEO) services, which involve managing a client company's employees, should calculate their receipts for tax purposes. Specifically, it mandates that PEOs and their combined groups must include amounts they receive for wages, benefits, and other employee expenses paid to or for the benefit of their client's worksite employees, along with related employment taxes, when calculating their business income. This inclusion is required if these amounts are already part of the calculation for their business income base or combined business income base, ensuring that these PEO-related financial flows are properly accounted for in their tax calculations.