New Jersey Moves to Strike Back at New York Remote-Work Taxes

December 9, 2022, 9:02 PM UTC

A bipartisan group of New Jersey lawmakers want to offer a new $2,000 tax credit for residents who can successfully appeal their New York personal income tax bills.

The credit is part of a much broader retaliatory tax plan aimed at New York that is currently advancing through the New Jersey Legislature, to put an end to what the state says is double taxation of its residents and roughly $1 billion in revenue lost to its neighbor.

New Jersey’s proposal would adopt New York’s aggressive tax treatment by applying what’s known as the “convenience of ...

Learn more about Bloomberg Tax or Log In to keep reading:

See Breaking News in Context

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools and resources.