This bill amends the New Jersey Re-Assigning In-State Employees pilot program, which is administered by the New Jersey Economic Development Authority (EDA). It allows businesses to apply for grants to support the reassignment of New Jersey resident employees from out-of-state locations back to New Jersey. The bill increases the potential grant amount beyond the previous limit of $500,000 if the EDA determines that the long-term gross income tax revenues from the reassigned employees will exceed 200% of the grant amount. Additionally, the total grants awarded under this program are capped at $35 million per fiscal year. The EDA is also required to actively inform eligible businesses about the program's benefits and provide a liaison for assistance.

Furthermore, the bill mandates the Division of Taxation, in collaboration with the Division of Law, to create and publish plain-language guidance for residents seeking tax refunds from other states for income earned while working in New Jersey. This guidance will outline the refund process, eligibility criteria, and provide resources for taxpayers. The Division of Taxation is also authorized to intervene on behalf of residents contesting tax collections from other jurisdictions. These measures aim to enhance taxpayer support and streamline the process for residents seeking refunds.

Statutes affected:
Introduced: 34:1B-139.4, 54A:4-1.1