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Bill

A 4794

Permits Division of Taxation to share certain tax data with New Jersey Innovation Authority and New Jersey Secure Choice Savings Board.

2026-2027 Regular Session Introduced by Linda Carter and 1 co-sponsor

Authorizes sharing certain tax data with NJ Innovation Authority and Secure Choice Savings Board to support innovation programs and state retirement savings program administration.

Passed by the Assembly (77-1-0)
0
WeVote Research Nonpartisan
Bill Summary · A 4794

Overview

Bill A-4794 (Session 222, New Jersey) would authorize the Division of Taxation to share certain tax data with two state-backed entities: the New Jersey Innovation Authority and the New Jersey Secure Choice Savings Board. The act is sponsored with co-sponsors Linda Carter and Eliana Pintor Marin. The bill has moved through committee stages and, as of the latest action history, has been transferred to the Assembly Budget Committee after reporting out of the Assembly Committee on State and Local Government.

Purpose and Intent

  • Expand data-sharing capabilities of the Division of Taxation to support state initiatives in innovation, economic development, and workers’ retirement security.
  • Specifically enable the Division to provide relevant tax data to two entities created to promote innovation and to implement a secure savings program for private-sector workers.

Key Provisions

  • Authorization for Data Sharing:
    • The Division of Taxation would be permitted to share certain tax data with:
    • The New Jersey Innovation Authority (NJIA): a state entity focused on fostering innovation and technology-based economic growth.
    • The New Jersey Secure Choice Savings Board: the state body responsible for administering a state-backed retirement savings program for private-sector workers.
  • Scope of Data:
    • The bill would specify which tax data can be shared, aiming to balance program needs with taxpayer privacy. While exact data categories are not listed in the summary, such provisions typically include aggregate or de-identified data and, in some cases, data necessary to administer programs (e.g., program eligibility, employer data, compliance indicators).
  • Purpose of Data Use:
    • To support development, evaluation, and administration of:
    • Innovation-related programs and initiatives overseen by the NJIA.
    • Implementation, outreach, and operations of the Secure Choice Savings Program.

Affected Parties

  • Taxpayers: indirectly affected through enhanced data-sharing related to program administration; protections would be needed to ensure privacy and limit data use to permitted purposes.
  • New Jersey Innovation Authority: gains access to tax-related data to inform program design, grantmaking, or performance metrics.
  • New Jersey Secure Choice Savings Board: gains access to tax data to identify eligible employers and workers, manage enrollment, and monitor program performance.

Procedural and Timeline Aspects

  • Introduction and Referral:
    • Introduced: March 23, 2026
    • Referred to Assembly State and Local Government Committee
  • Committee Actions:
    • Reported out of Assembly Committee, 2nd Reading (date: June 28, 2026)
    • Transferred to Assembly Budget Committee (date: June 28, 2026)
  • Next Steps:
    • If advanced by the Budget Committee, the bill would move toward floor consideration and, potentially, passage by the Assembly and transmitted to the Senate, followed by any reconciliation steps and eventual approval or veto by the Governor.

Potential Implications

  • Administrative Efficiency: Could streamline data collection and program administration for NJIA and Secure Choice, enabling better program design, monitoring, and outcomes.
  • Privacy and Safeguards: The bill would necessitate clear limitations on data use, retention, and security. Interested readers should look for accompanying provisions on privacy protections, access controls, data minimization, and penalties for misuse.
  • Fiscal and Policy Impact: By linking tax data to program administration, the state may improve targeting of services and evaluation metrics, potentially affecting program costs and performance benchmarks.

Notes

  • The summary above reflects the bill’s stated purpose based on the available action history and title. For full details on data categories, safeguards, and exact administrative provisions, the bill’s text and committee amendments should be consulted.

Compiled from official sources — confirm details with the bill’s official record.

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