NJ Moves in Interstate Tax Fight
Updated: Jun 26
December 6, 2022 | njspotlightnews.org
Photo Credit: Aleksejs Bergmanis (on Pexels)
A measure approved by the Senate Budget and Appropriations Committee seeks to level the playing field with states like New York that claim they have a right to collect taxes from out-of-state residents, even when they are working from home in New Jersey.
NJ SEED: The NJ Legislature ramps up efforts to counter NY’s aggressive taxing tactics. Proposed legislation would address taxing employees working from home in a state other than where their employer is based. It would also establish tax credits for out-of-state companies to create locations in NJ so that the income of remote workers assigned to those locations would be subject only to NJ taxation.