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NJ-PA Income Tax Agreement Update

The document discusses the current reciprocal personal income tax agreement between New Jersey and Pennsylvania that allows residents who work in the other state to only pay income taxes in their state of residence. However, New Jersey Governor Chris Christie is threatening to terminate the agreement, which could result in tax increases for thousands of Pennsylvania residents who work in New Jersey and New Jersey residents who work in Philadelphia, as both groups would have to file tax returns in each state. Terminating the agreement may negatively impact an estimated 200,000 to 250,000 people in both states by making it more expensive to operate businesses in New Jersey and harder to attract and keep employees.

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NJ Food Council
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73 views1 page

NJ-PA Income Tax Agreement Update

The document discusses the current reciprocal personal income tax agreement between New Jersey and Pennsylvania that allows residents who work in the other state to only pay income taxes in their state of residence. However, New Jersey Governor Chris Christie is threatening to terminate the agreement, which could result in tax increases for thousands of Pennsylvania residents who work in New Jersey and New Jersey residents who work in Philadelphia, as both groups would have to file tax returns in each state. Terminating the agreement may negatively impact an estimated 200,000 to 250,000 people in both states by making it more expensive to operate businesses in New Jersey and harder to attract and keep employees.

Uploaded by

NJ Food Council
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

NJ-PA RECIPROCAL PERSONAL

INCOME TAX AGREEMENT

WHAT IS THE CURRENT AGREEMENT?


Residents of Pennsylvania who work in New Jersey and residents of
New Jersey who work in Pennsylvania do not have to pay income
tax in the state they work only in the state in which they live.

WHAT IS HAPPENING NOW?


New Jersey Governor Chris Christie is threatening to terminate the agreement,
that could result in tax increases for employees living in Pennsylvania, and also
raising taxes on thousands of New Jersey residents who work in Philadelphia.
Both would have to file tax returns in each state.
This issue affects an estimated

200,000 to 250,000
people in both states.

WHAT DOES THIS MEAN?


This makes it more expensive to operate
in New Jersey; virtually stops economic
development in Camden; and makes it
harder to keep and attract employees.

WHAT CAN YOU DO?


Take action and write
your elected official!

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