I found a summary of a few of the aspects of this bill.
Assessing what kind of discriminatory situations this would enable is easy, because the bill spells those out as well. So long as individuals are motivated by “a sincerely held religious belief or moral conviction,” any of the following behaviors would have the endorsement of the government:
Religious organizations can decline to solemnize any marriage or provide any services related to recognizing that marriage.
Religious organizations can refuse to hire, fire, and discipline employees for violating the organization’s religious beliefs.
Religious organizations can choose not to sell, rent, or otherwise provide shelter.
Religious organizations that provide foster or adoptive services can decline service without risking their state subsidies.
Any foster or adoptive parent can impose their religious beliefs on their children.
Any person can choose not to provide treatment, counseling, or surgery related to gender transition or same-sex parenting.
Any person (including any business) can choose not to provide services for any marriage ceremony or occasion that involves recognizing a marriage, including:
Photography
Poetry
Videography
Disc-Jockey Services
Wedding Planning
Printing
Publishing
Floral Arrangements
Dress Making
Cake or Pastry Artistry
Assembly-Hall or Other Wedding-Venue Rentals
Limousine or Other Car-Service Rentals
Jewelry Sales And Services
Any person can establish “sex-specific standards or policies concerning employee or student dress or grooming,” and can manage the access of restrooms and other sex-segregated facilities.
Any state employee can openly express their beliefs without consequence.
Any state employee can choose not to authorize or license legal marriages by recusing themselves from those duties.
Anybody who takes advantage of any of these opportunities to discriminate would be protected from any tax penalty, any loss of contract or grant, any loss of benefit, any fine or penalty, any license or certification, any custody award or agreement, or any setback in employment.
Furthermore, these protections extend even if the disagreement does not involve the government as a party. In other words, anybody can cite their religious beliefs to justify their discriminatory behavior if sued by the victims of that discrimination. When they do, they are entitled not only to victory in court, but compensatory damages as well.