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NJ S957
Bill
Status
1/13/2026
Primary Sponsor
Jon Bramnick
Click for details
AI Summary
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Director of the Division of Taxation must conduct a continuous study examining how New Jersey business income taxes affect business out-migration, business formation, and employment within the state
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Study will analyze data from corporation, partnership, and other relevant New Jersey income tax returns
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Director must produce an annual Tax Policy Impact Report with findings and recommendations on modifying state or local tax laws to improve the business climate
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Annual report due to the Governor and Legislature by January 1 each year
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Takes effect immediately upon enactment
Legislative Description
Requires Director of Division of Taxation to study impact of State business income taxes on business out-migration, business formation, and employment.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/13/2026