SB 3004


By Senator(s) KANNO; Taniguchi

Report Title: Corporate Disclosure

Description: Requires department of taxation to report on all tax benefits provided for development assistance programs. Requires counties to disclose real property tax reductions and abatements. Requires collection and disclosure of information on all forms of development assistance granted. Requires agencies granting development assistance to (1) compare projected wages with existing wages, and (2) determine value of health care coverage provided to full-time employees. Requires recapture of development assistance from recipients who fail to achieve job creation and wage and benefit goals.

 1-26-          S Introduced and passed First Reading                      
 1-27-          S Referred to ECD/TIA, then to WAM