This bill establishes a public school checkoff fund within the state treasury, managed by the Department of Management (DOM). Taxpayers filing individual income tax returns will have the option to designate $1 or more to be contributed to this fund, which will be used to provide funding supplements to school districts starting from the fiscal year beginning July 1, 2027. The funds will be distributed on a per pupil basis, calculated using each district's budget enrollment, and will be classified as miscellaneous income for the districts, allowing them to use the funds for any general fund purpose without it affecting their district cost.

Additionally, the bill mandates that the Department of Revenue will draft tax forms to facilitate this checkoff and will transfer the designated amounts to the public school checkoff fund annually. The checkoff is set to be included on tax returns starting January 1, 2026, and is subject to repeal under existing law if it does not generate sufficient contributions compared to other checkoffs. The bill aims to enhance funding for public schools through voluntary taxpayer contributions while ensuring that the funds are utilized effectively within the school districts.