Budget & Taxes

Budget & Taxes

Enhances the reporting and disclosure requirements concerning State tax expenditures and limits the duration of new State tax expenditure enactments.

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Requires an annual State debt affordability analysis be included in the State Debt Report

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Requires municipalities to share certain payments received in lieu of property taxes with school districts; informs counties and school districts of application for property tax exemption

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Permits municipalities to authorize property tax reward programs; validates actions of municipalities that have created them

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Imposes corporate business tax and gross income tax on income attributable to certain investment management services that a corporate or individual partner provides on behalf of a partnership

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