The bill seeks to amend the General Laws in Chapter 42-142, specifically concerning the Department of Revenue. It introduces a new department within the executive branch, led by a director appointed by the governor, and renames the "collection" unit to the "central collections" unit (CCU). The bill also redefines the scope of the divisions within the department, such as taxation, motor vehicles, state lottery, revenue analysis, and municipal finance. It grants the CCU the authority to assist in collecting state-owed debts and requires state agencies to refer certain debts to the CCU. The bill mandates that state agencies indemnify the department from liabilities related to debt collection and obliges the CCU to adhere to state and federal laws while disbursing recovered funds according to specified priorities.

Furthermore, the bill includes provisions for the establishment and operation of the CCU, which are subject to annual appropriations by the general assembly. It empowers the Department of Revenue to create rules and regulations for the CCU and mandates a performance assessment of the CCU, with findings to be reported to government officials. The bill sets a deadline of June 30, 2033, for the authorization of CCU operations and states that the bill's provisions would become effective upon passage. There are no specific insertions or deletions mentioned in the provided text.