The General Assembly Raised Bill No. 7237 mandates a study on potential new revenue streams to be conducted by the chairpersons and ranking members of the Finance Committee, in collaboration with the Commissioner of Revenue Services. The study aims to explore various options for generating additional revenue for the state. The findings and recommendations from this study are required to be reported to the Finance Committee by January 1, 2026.

This bill introduces new legal language that establishes the requirement for the study as a new section of law, effective upon passage. It does not delete any existing legal language but rather adds to the current legislative framework by outlining the responsibilities of the Finance Committee in this context. The purpose of the bill is to enhance the state's financial strategies by investigating new avenues for revenue generation.