The bill requires the Department of Revenue (DOR) to submit a report detailing year-to-date net state tax revenue for the current fiscal year, projections for the remainder of the fiscal year, and an assessment of whether net state tax revenue may exceed the allowable state tax revenue. The report includes specific estimates for fiscal year 2025, indicating that the total net state tax revenue is projected to be $40,872,752,845, while the allowable state tax revenue is estimated at $46,003,119,086. This results in a projected shortfall of $5,130,366,241 below the allowable limit.

Additionally, the bill clarifies that the 4% income surtax revenue will not be subject to the limitations established by Chapter 62F regarding allowable state tax revenue. The report highlights various categories of tax revenue collected, including income, sales, and corporate taxes, and provides a detailed breakdown of the revenue collected by different agencies. The DOR's estimates are based on current data and may be revised as more information becomes available.