Section 11-44-90. (A) A qualified business, receiving an investment pursuant to this chapter, shall submit an annual report to the Department of Revenue that includes a summary of jobs created and lost, categorized by full-time, part-time, temporary positions, and hourly wage for each year for five years after an investment is made. The initial summary report must include a statement of how the investment was used and whether it was effective for the qualified business. The report must be made available to the public via the department's website.
(B) (1) The Department of Revenue shall submit an annual report to the General Assembly and the Governor by January thirty-first containing:
(a) the aggregate amount of all credits issued pursuant to this chapter during the previous tax year;
(b) the name of each qualified business receiving an investment and the corporate name of each angel investor, including the amount of credit received;
(c) a detailed summary of the report filed pursuant to subsection (B), including a cost-benefit analysis of the amount of credit awarded and jobs created.
(2) The report must be made available to the public via the department's website. "
Renumber sections to conform.
Amend title to conform.