Changes the percentage of the cap on the inflationary growth factor for the assessment growth of real or personal property occurring within a political subdivision, defines assessment value, and adds provisions related to the sales ratio studies performed by the State Tax Commission

Requires the general assembly to approve proposed administrative rules

Modifies criteria of hazardous waste investigations and increases the hazardous waste fund appropriations

Expresses support for Israel and recognition of its special relationship with the United States

Modifies provisons that relate to commercial transactions