This bill provides for a multitude of significant tax law changes, including but not limited to:

1) Repealing many income tax credits and exemptions and phasing in a new overall flat income tax rate of 4 percent;

2) Imposing sales tax on digital products;

3) Repealing multiple sales tax exemptions, including the food exemption, and increasing the rate of state sales tax to 5 percent;

4) Phasing in increases on cigarette excise taxes; and

5) Providing for a new, comprehensive state and local communications services tax on all telecommunication services other than internet access.