§ 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.