"NEW SECTION.  Sec. 2   The department of revenue shall report biennially on the performance of the new and rehabilitated multiple-unit dwelling tax exemption program to the housing committee of the house of representatives and the financial institutions, housing and consumer protection committee of the senate, or their equivalent committees. The report shall consist of, at a minimum, the number and names of towns participating in the tax exemption program, the number of projects participating in the program, the number of new housing units created, the number of rehabilitated housing units created, the number of affordable housing units created, a statement of occupancy and vacancy of the rehabilitated or newly constructed property during the previous biennium, and the amount of local property taxes exempted through the program."