2017 Maryland Code
Tax - General
Title 1 - Definitions; General Provisions
Subtitle 3 - Tax Credit Evaluation Act
§ 1-307. Report by Department of Legislative Services

  • (a) In general. --
    • (1) Subject to ยง 2-1246 of the State Government Article, on or before November 15 of the year before the evaluation date of a tax credit, the Department of Legislative Services shall submit to the General Assembly an evaluation report on the tax credit.
    • (2) The Department of Legislative Services shall make copies of the report available to the public.
  • (b) Contents. -- The report required under subsection (a) of this section shall discuss:
    • (1) the purpose for which the tax credit was established;
    • (2) whether the original intent of the tax credit is still appropriate;
    • (3) whether the tax credit is meeting its objectives;
    • (4) whether the purposes of the tax credit could be more efficiently and effectively carried out through alternative methods; and
    • (5) the costs of providing the tax credit, including the administrative cost to the State and lost revenues to the State and local governments.
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