Makes various provisions to reform local development corporations and industrial development agencies: conflicts of interest, standard tax exemption policies, municipal input, more information to be made public, economic impact statements, public hearings, and payment of prevailing wages.
Relates to the definition of employer for purposes of wage payment provisions; includes municipal corporations, public benefit corporations and public authorities in the definition of "employer".
Establishes a local authorities searchable subsidy and economic development benefits database; relates to the obligations of certain industrial development agencies and local development corporations.
Enacts the corporate accountability for tax expenditures act; standardizes applications for state development assistance for empire zone assistance and industrial development agency assistance; requires submission of certain development assistance agreements to the department of taxation and finance; requires recipients of certain development assistance to submit progress reports which include certain information and disclosures; makes certain recapture provisions; defines relevant terms.
Relates to the use of revenues from hotel or motel taxes in the county of Essex for the use of tourism promotion and development and economic development.
Relates to the use of revenues from hotel or motel taxes in the county of Essex for the use of tourism promotion and development and economic development.