Enhances certain reporting and disclosure concerning State tax expenditures.

This bill requires New Jersey's Governor to include a detailed annual report on state tax breaks (like deductions, credits, or preferential rates) in the budget message. The report must list every tax break, explain its purpose, show estimated revenue loss for three fiscal years, and analyze whether it's achieving its goals and benefiting specific entities. Businesses receiving tax breaks will need to provide data on how they're using them, including who benefits and whether they're effective. This affects the Governor's office (which must prepare the report), the Division of Taxation (which must assist), and corporations or individuals benefiting from tax breaks.