Enhances reporting and disclosure requirements for State tax expenditures in New Jersey.

The bill enhances reporting and disclosure requirements concerning State tax expenditures in New Jersey. It modifies the definition of "State tax expenditure" to include revenue losses attributable to provisions of State tax law that deviate from the generally applicable tax structure. The bill also increases the threshold of a reportable subsidy from $25,000 to $100,000 for purposes of the Development Subsidy Job Goals Accountability Act.

Enhances reporting and disclosure requirements for State tax expenditures in New Jersey.

The bill enhances reporting and disclosure requirements concerning State tax expenditures in New Jersey. It modifies the definition of "State tax expenditure" to include revenue losses attributable to provisions of State tax law that deviate from the generally applicable tax structure. The bill also increases the threshold of a reportable subsidy from $25,000 to $100,000 for purposes of the Development Subsidy Job Goals Accountability Act.