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 Taxation to study how state business income taxes affect businesses leaving the state, starting new businesses, and job creation. The Director must analyze tax return data and produce an annual report with findings and recommendations for improving the business climate. The report must be submitted each year by January 1 to the Governor and Legislature. This study does not change tax laws but provides data to inform future policy decisions.