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 2194 would replace certain local property taxes, including school district maintenance and operations taxes, with a new statewide value added tax (VAT) at a 6.72% rate on business transactions. The VAT would be calculated as the difference between taxes collected on business sales (output tax) and taxes paid on business purchases (input tax) each quarter, with small businesses, government entities, and schools exempt. It excludes financial services, intercompany transactions, and other items already taxed under existing laws to avoid double taxation. The bill aims to reform school funding by shifting tax responsibility from property-based local taxes to a broader business transaction tax.