Requires State Treasurer to issue report concerning New York's taxation of New Jersey residents' income.
This bill requires New Jersey's State Treasurer to prepare and submit a detailed report to the legislature within six months of enactment. The report must examine how New York taxes income earned by New Jersey residents who work for New York-based employers (including remotely from New Jersey), covering past tax credits granted, potential revenue impacts, legal barriers, and strategies to address perceived inequities. It specifically requests analysis of New York's tax practices, comparisons to how other states handle cross-state commuting, and recommendations for protecting New Jersey residents' tax liabilities. The report will include data on tax credits issued from 2011-2020 and estimates of savings if New Jersey could redirect tax payments from New York.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Commerce, Economic Development and Agriculture Committee
lower
1 primary · 1 co-sponsor
Sponsors
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