Relating to the repeal of or limitations on certain state and local taxes, including school district maintenance and operations ad valorem taxes, the enactment of state and local value added taxes, and related school finance reform; imposing taxes.

HB 130 replaces certain school district taxes with a new 6.72% state value added tax (VAT) on businesses selling goods or services for profit. The bill calculates the tax as the difference between taxes businesses pay on purchases (input tax) and taxes they collect on sales (output tax), with exemptions for small businesses, government entities, and nonprofits. It repeals local school district maintenance and operations taxes while excluding financial services, employment, and items already taxed under other laws. The VAT revenue will fund state education, though the bill text cuts off before detailing the full allocation.