Details of business tax incentives like the $5 billion handed out under Gov. Chris Christie would have to be more extensively disclosed under a bill moving in the Legislature.
The Assembly voted Thursday to approve a measure that requires the governor to send lawmakers a detailed report on future proposals to enact tax breaks. Under current law, the governor is required to evaluate some subsidies but this bill says he must send lawmakers a report including detailed metrics. The Senate passed a similar bill, and it now goes to Christie’s desk.
Christie, who is considering a White House campaign, has pursued tax breaks to entice business to the state. Some of them have gone to politically connected companies.