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 stipulation that such disclosures were at the discretion of the Director of the Division of Taxation. This change aims to enhance the ability of municipalities, particularly those with populations over 200,000 (currently only Newark and Jersey City), to effectively administer and enforce their employer payroll tax ordinances. By ensuring that municipalities have access to accurate and comprehensive tax information, the bill seeks to improve compliance and streamline the verification process for employers operating within their jurisdictions.