Establishes a local effort replacement fund to reduce property taxes and increase gross receipts and use taxes.

The bill creates the local effort replacement fund to supplement property tax local effort for school district general funds and special education funds with state revenue. It imposes a tax on various services and goods, including mobile telecommunications services, transportation of passengers, rentals of tangible personal property, and sales of tickets or admissions to places of amusement, athletic contests, or events. The bill also increases the rates for certain gross receipts taxes and use taxes.

Establishes a local effort replacement fund to reduce property taxes and increase gross receipts and use taxes.

The bill creates the local effort replacement fund to supplement property tax local effort for school district general funds and special education funds with state revenue. It imposes a tax on various services and goods, including mobile telecommunications services, transportation of passengers, rentals of tangible personal property, and sales of tickets or admissions to places of amusement, athletic contests, or events. The bill also increases the rates for certain gross receipts taxes and use taxes.