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.

Bill S 730 requires New Jersey's Division of Taxation to study how state business income taxes affect businesses leaving the state, starting new businesses, and hiring employees. The study will analyze 16 years of tax return data (eight years before and eight years after the bill's effective date) to assess tax impacts on business behavior. The Director must submit a retrospective report within two years of the bill taking effect, followed by annual reports for seven years, detailing findings and potential tax policy changes to improve New Jersey's business climate. This study directly affects the Division of Taxation (as the conductor) and indirectly informs future tax policy decisions for all businesses operating in New Jersey.