(a) Duty to report.--No later than February 1, 2025, the department, in consultation with the Secretary of Revenue, shall provide a report to the General Assembly on the tax credits issued in tax years beginning after December 31, 2019.(b)Contents of report.-- (1) The report must include background information on beginning farmers and any other information the department finds relevant to evaluating the effect of the tax credits on increasing opportunities for and the number of beginning farmers.(2) For tax credits issued under section 1803-H(a), the report shall include:(i) The number and amount of tax credits issued under each paragraph.(ii) The geographic distribution of tax credits issued under each paragraph.(iii) The type of agricultural assets for which tax credits were issued under section 1803-H(a)(1).(iv) The number and geographic distribution of beginning farmers whose purchase or rental of assets resulted in tax credits for the seller or owner of the asset.(v) The number and amount of tax credits disallowed under section 1803-H(d).(vi) Data on the number of beginning farmers by geographic region in the tax years covered in the report.(vii) The number and amount of tax credit applications that exceeded the allocation available in each year.Added by P.L. TBD 2019 No. 65, § 1, eff. 8/31/2019.