New Jersey bill mandates State Treasurer to report on New York's taxation of New Jersey residents' income.

New Jersey bill A1255 requires the State Treasurer to issue a report on New York's taxation of New Jersey residents' income. The report must include an explanation of efforts to address the inequity, estimated tax credits granted, and recommendations for resolving the issue. The State Treasurer may contract with a third party to prepare the report, which is due within six months of the bill's enactment. The bill aims to address the inequity of New Jersey residents being taxed by New York despite working from New Jersey.

New Jersey bill mandates State Treasurer to report on New York's taxation of New Jersey residents' income.

New Jersey bill A1255 requires the State Treasurer to issue a report on New York's taxation of New Jersey residents' income. The report must include an explanation of efforts to address the inequity, estimated tax credits granted, and recommendations for resolving the issue. The State Treasurer may contract with a third party to prepare the report, which is due within six months of the bill's enactment. The bill aims to address the inequity of New Jersey residents being taxed by New York despite working from New Jersey.