Bill > S00620

This bill amends the Executive Law to require the Governor to perform a cost-benefit analysis of tax expenditures, which are tax deductions, credits, or exemptions that reduce the amount of revenue the state collects. The cost-benefit analysis must determine the benefit to the state based on factors like job creation, job retention, and investment, and compare the actual benefit to a target ratio set by the Governor. The bill also requires the Governor to provide additional information about the tax expenditures, such as whether they have achieved their intended purpose and who is benefiting from them.