§ 1-306

# (a)

The Department shall prepare a report on the evaluation that:

# (1)

discusses, to the degree relevant:

(i) the purpose for which the tax credit, exemption, or preference was established;

(ii) whether the original intent of the tax credit, exemption, or preference is still appropriate;

(iii) whether the tax credit, exemption, or preference is meeting its objectives;

(iv) whether the purposes of the tax credit, exemption, or preference could be more efficiently and effectively carried out through alternative methods; and

(v) the costs of providing the tax credit, exemption, or preference, including the administrative cost to the State and lost revenues to the State and local governments; and

# (2)

include a recommendation on whether the tax credit, exemption, or preference should be continued, with or without changes, or terminated.

# (b)

For each evaluation conducted by the Department, the Department shall report to the General Assembly, in accordance with § 2–1257 of the State Government Article, on the evaluation.