Bill > S00852

This bill amends the Executive Law to require the Governor to perform a cost-benefit analysis of tax expenditures claimed by taxpayers subject to certain articles of the Tax Law. The cost-benefit analysis must determine the tax expenditure's benefit to New York State based on factors such as job creation/retention, investment, and tax relief provided, and compare the analysis ratio to a target ratio set by the Governor. The analysis must also evaluate whether the tax expenditure has achieved its intended purpose and who benefits from it. The Governor is required to develop a cost-benefit analysis formula and determine a target ratio for each tax expenditure.