S.1750

Enhances reporting and disclosure requirements for State tax expenditures.

This bill enhances reporting and disclosure requirements concerning State tax expenditures. It modifies the definition of "State tax expenditure" to specify that for purposes of the State tax expenditure report, State tax expenditures are those revenue losses attributable to provisions of State tax law which deviate from the generally applicable tax structure. The bill also requires enhanced annual evaluations of specific data collection and improved reporting requirements imposed upon the recipient of tax expenditures.