Allows state agencies to keep up to 10% of the funds appropriated that are unencumbered or unobligated at the close of the fiscal year (funds won't revert).

Creates a legislative tax credit review committee.

Creates a job training tax credit program.

Requires a criminal history check for department of workforce development applicants and makes changes to unemployment insurance requirements.

Modifies property taxation relating to assessment and exemption of certain property, modifies provisions relating to property assessment appeals, and provides for the reimbursement of certain appeal costs.

Makes changes to existing water quality programs.

Authorizes gambling licensees to conduct sports betting.

Amends the definition of "small city" for eligibility for the Workforce Housing Tax Incentives Program to include any city or township located in whole or in part in one of the 88 least populated counties.

A permanent $180-200 million/year that flows into the Natural Resources and Outdoor Recreation Trust Fund, at least 60% of which would have to be used for specific water quality.

Would remove the $5.40 levy from the TIF increment for all future projects.

Changes the central assessment process for telegraph and telephone companies.

This bill would remove the $5.40 school levy and the county basic levy (roughly $3.50/1000) from the TIF increment, drastically lowering the amount for which can be bonded for on a project.

Opt-In: This bill would allow a school district to opt all or a part of their $5.40 levy into the increment voluntarily, but with the understanding that the revenues would no longer be backfilled by the State. The bill would allow the county to opt all or part of their county basic levy into the increment voluntarily. 

Summary: The bill would reduce by roughly $8.90/1000 the bonding capability of TIF, crippling the tool in most cases.  Unless a developer was able to get the school and county to opt the levies into a project, but since some counties and school boards do not meet very often, the timing required to put deals together could kill projects.

Repeals the state inheritance tax and the state qualified use inheritance tax.

Makes changes to sales tax rebates for construction at certain raceway facilities.

Eliminates the appropriation for commercial and industrial property tax replacement claims.

Provides an exception to the tax credit transfer restrictions placed on housing businesses under the enterprise zone program

Makes changes to Tax Increment Financing.

Modifies various provisions relating to public utilities.

The Senate's tax reform package.

Extends the 6 percent sales tax rate and the allocation to the SAVE fund until January 1, 2050.

Modifies existing wastewater treatment program, establishes new water quality programs, and creates a water service excise tax and sales tax exemption.

Modifies the workforce housing tax incentives program.