This bill amends R.S.54:50-9 to allow for the disclosure of certain State taxpayer information to municipalities that administer an employer payroll tax under the Local Tax Authorization Act. Specifically, it permits the Director of the Division of Taxation to furnish employer-provided wage and tax withholding information, as well as any other necessary State tax return information, to designated municipal officers. The information can be used for two primary purposes: verifying payroll information reported by employers subject to the employer payroll tax and identifying employers within the municipality that are subject to the tax but have not reported payroll information for a preceding calendar quarter.

Additionally, the bill removes the previous requirement that such disclosures were at the discretion of the Director of the Division of Taxation, thereby streamlining the process for municipalities to access the necessary information. This change aims to enhance the accuracy of payroll data reported by employers and ensure compliance with the employer payroll tax regulations, particularly in municipalities like Newark and Jersey City, which have populations exceeding 200,000 and have enacted such taxes. The bill is set to take effect immediately upon passage.