Governor Christie announced this morning that the State of New Jersey will continue to honor the long-standing agreement between New Jersey and the Commonwealth of Pennsylvania which provides that the compensation of workers who reside in one state, but who work in the other, is subject to the income taxes of the state in which the worker resides. In short, there will be no change to the manner in which the compensation of these workers is taxed (despite threats to the contrary earlier this fall).
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
