Requires Director of Division of Taxation to conduct study on impact of State business income taxation on business out-migration, formation, and employment for previous and upcoming tax years.

This bill requires New Jersey's Division of Taxation to study how state business income taxes affect where businesses operate, start up, and hire workers. The study will analyze tax return data from eight years before and after the bill's effective date (covering 2016-2024). The Division must submit a first report by January 15, 2026, detailing findings and recommendations for improving New Jersey's business climate, followed by annual reports for seven years. These reports will go directly to the Governor and Legislature, but the bill does not change tax rates or policies itself.