NJ Aims to Lure Back NYC Commuters With Hybrid Work Tax Breaks

New Jersey Governor Phil Murphy proposed offering incentives to employers for establishing work-from-home and hybrid staffing policies in a bid to end the double taxation for residents who commute to New York City.

Murphy made the proposal on Tuesday during his annual policy address in Trenton — his first one in person since the coronavirus pandemic — without giving specifics. The second-term governor, a 65-year-old Democrat and retired Goldman Sachs Group Inc. senior director, came to office in January 2018 with promises to revive New Jersey’s economy. As of November, the state’s unemployment rate was 3.4%, below neighboring New York’s 4.3% and Pennsylvania’s 4%.