This bill amends current law to allow the Division of Taxation in New Jersey to share specific tax data with the New Jersey Innovation Authority and the New Jersey Secure Choice Savings Board. The New Jersey Innovation Authority aims to enhance the efficiency and modernization of State government operations, while the New Jersey Secure Choice Savings Board administers the New Jersey Secure Choice Savings Program, which provides retirement savings options for private sector employees whose employers do not offer retirement benefits.

The bill specifically permits the Division of Taxation to furnish tax information, including data from tax reports and returns, to both entities for defined purposes. The New Jersey Innovation Authority will use this information to improve taxpayer and public experiences by evaluating and enhancing taxation processes. Meanwhile, the New Jersey Secure Choice Savings Board will receive necessary tax information to effectively administer the Secure Choice Savings Program. This change is intended to facilitate better service delivery and program administration while maintaining the confidentiality of tax records.