Requiring local governments to report certain local economic development incentive program information to the secretary of commerce, defining such programs, requiring the secretary of commerce to post such information on the economic development incentive program database maintained by the secretary and requiring certain search result presentation and report formats.

The definition of 'economic development incentive program' was modified to remove a detailed list of specific local government districts (such as community improvement districts and business improvement districts) and replaced the final item with a broader category covering grants, loans, leases, and other quantifiable incentives.

Formatting and line breaks were adjusted throughout the document to improve readability and standardize the layout of the text.

Added a new category (subsection 6) requiring local governments to report specific incentive programs, including community improvement districts, tax increment financing, business improvement districts, and various municipal improvement districts.

Expanded the definition of 'recipient' to include the enterprise or its owners if the recipient was created primarily for the purpose of the economic development project, preventing companies from hiding behind shell entities.

Updated the definition of 'social and domestic tax credits' to include the homestead property tax refund in the list of excluded credits.

Added a new definition for 'tax credit program' to clarify that it includes credits against income tax, premium fees, and privilege taxes.

Removed the 'As Introduced' header and page numbering artifacts, replacing them with the standard 'Enrolled' formatting and page headers.