(1) A recipient of the tax exemptions in section 2 of this act shall file a report to the department of revenue in the month following each calendar quarter containing the following information:

   (a) Number of workers;

   (b) Average wage of workers;

   (c) Total wages for workers;

   (d) Total sales as measured by taxable receipts for activities; and

   (e) Total wages for workers as a percent of total sales.

   The department shall compile the information into a report containing aggregated data that does not violate any confidentially provisions and send an electronic copy to all members of the legislature on an annual basis.

   (2) A recipient who fails to submit a complete report under this section is ineligible on a prospective basis for the tax exemptions provided in section 2 of this act. The department of revenue shall notify the recipient in writing by mail that he or she is no longer eligible for the exemptions. The recipient is ineligible on the effective date of the postmark of the notice letter from the department of revenue. If the recipient satisfactorily completes the report, the department of revenue shall send a letter to the recipient indicating that the basis for the ineligibility has been corrected. The letter from the department of revenue is proof that eligibility has been restored, and eligibility is effective prospectively beginning on the date the letter is postmarked." 

   On page 1, on line 2 of the title, after "areas; adding", omit "a new section" and insert "new sections".

--- END ---

EFFECT: Requires businesses taking the tax exemptions to report and evaluate the effectiveness for themselves of the exemptions.