(2) In the tax expenditure report, the Governor shall:
(a) List each tax expenditure;
(b) Identify the statutory authority for each tax expenditure;
(c) Describe the purpose of each tax expenditure;
(d) Estimate the amount of revenue loss caused by each tax expenditure for the coming biennium;
(e) List the actual amount of revenue loss in the preceding biennium for each tax expenditure or an estimate if the actual amount cannot be determined;
(f) Determine whether each tax expenditure has successfully achieved the purpose for which the tax expenditure was enacted and currently serves, including an analysis of the persons that are benefited by the expenditure; and
(g) Categorize each tax expenditure according to the programs or functions each tax expenditure supports. [1995 c.746 §65; 2016 c.117 §13]