Bill Summary

by Taddeo

Tax Preferences; Requiring the Legislative Budget Commission’s long-range financial outlook to delineate projected revenues attributable to tax preferences; requiring the repeal of a new tax preference or a substantially amended existing tax preference after a specified timeframe unless the Legislature acts to reenact the tax preference; requiring a tax preference enacted or substantially amended after a specified date to include the identifiable public purpose served by the tax preference and to specify certain information, etc. Effective Date: Upon becoming a law

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