(1) In accordance with section 39-21-304 (1), which requires each bill that creates a new tax expenditure to include a tax preference performance statement as part of a statutory legislative declaration, the general assembly finds and declares that the purpose of the tax credit provided in this section is to induce certain designated behavior by taxpayers by supporting the development of affordable housing within transit-oriented communities.(2) The general assembly and the state auditor shall measure the effectiveness of the credit in achieving the purpose specified in subsection (1) of this section based on the number and value of credits issued and housing units built.Added by 2024 Ch. 291,§ 2, eff. 5/30/2024.