A pending bill called Mobile Workforce State Income Tax Simplification Act of 2015 (H.R. 2315) would bar states from taxing those (other than professional athletes, entertainers, or public figures) who work within their borders for fewer than 31 days. While the measure would not impact federal income taxes, the Congressional Budget Office estimates that some states (e.g., NY) would lose considerable revenue, while other states (e.g., NJ) would gain. The measure would simplify things for employers who would not be required to withhold income taxes for the other states.
Did you know … there are more new posts on my blog each and every week? Yes, you’ll find critical updates, practical help and essential information to assist you in your small business today!
