A bill for an act relating to state and local budgets and taxes by authorizing a commercial property tax credit for individual and corporate income tax, reducing the assessment limitation for commercial and industrial property, repealing authorization of a city or county to levy property taxes except for debt service, repealing authorization of a school district or merged area to levy property taxes except for debt service, increasing the maximum rate for local hotel and motel taxes, setting a specific appropriation for and making an appropriation to the statewide fire and police retirement system, establishing a legislative property tax study committee, and including effective and retroactive applicability date provisions. (See Cmte. Bill HF 931)