Income Tax Pact Dismantled: Gov. Christie Terminates Tax Covenant with PA
By Philip London
Do you cross the Delaware River on the way to work? By next year, your commute will be even more expensive. For the past 38 years, neighbor states Pennsylvania and New Jersey have preserved a reciprocity pact that allows taxing solely where workers reside, not where they work. Thus, NJ does not collect tax on PA residents working in New Jersey, and vice versa.
However, last week, Governor Christie withdrew from the tax agreement. Consequently, roughly a quarter-million...
