Inventory tax; require Department of Revenue to provide report containing certain 2025 information regarding.

SB 2840 allows businesses that pay property taxes on inventory (like manufacturers, distributors, and retailers) to either sell unused tax credits on the market or opt for a 75% rebate of the credit amount instead of carrying it forward. It repeals multiple local business taxes, including those on motor vehicle rentals, flea markets, pawnbrokers, and retail stores, eliminating these fees for affected businesses. The bill directly affects businesses paying local property taxes on inventory or operations, reducing compliance burdens and providing cash flow options through credit sales or rebates. These changes simplify tax treatment for eligible businesses while removing specific local tax requirements.