Annual Reporting By Department

The Department must create an annual written report for the Governor and the Legislature describing the following: (3-31-22) 01. Successes. The Department's success under this act in attracting new jobs; (3-31-22) 02. Estimated Tax Credit Commitments. The estimated amount of tax credit commitments made by the Department and the period of time over which tax credits will be paid; (3-31-22) 03. Economic Impact to State. The economic impact to the state related to generating new state revenue and providing tax credits under this act; (3-31-22) 04. Estimated Costs and Benefits. The estimated costs and economic benefits of the tax credit commitments that the Department made; and (3-31-22) 05. Actual Costs and Benefits. The actual costs and economic benefits of the tax credit commitments the Department made. (3-31-22) 06. Submittal of Report. The report must be submitted to the Office of the Governor and the appropriate legislative committee chairmen in a timely manner following the close of the state’s fiscal year. (3-31-22) 192. -- 199. (RESERVED)