Requires Director of Division of Taxation to study impact of State business income taxes on business out-migration, business formation, and employment.

This bill requires New Jersey's Director of the Division of Taxation to continuously study how the state's business income tax affects businesses leaving New Jersey, new business startups, and job creation. The Director must analyze tax return data and produce an annual report by January 1st to the Governor and Legislature, including findings and recommendations on potential tax policy changes to improve the business climate. The report would specifically examine whether tax laws could be adjusted to reduce financial burdens on businesses operating in New Jersey. This is a procedural study bill with no immediate policy changes, focusing solely on data collection and reporting.