The bill requires the Department of Revenue (DOR) to submit a report detailing the 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, referred to as the "May 2025 Monthly 62F Report," includes estimates indicating that the full fiscal year net state tax revenue for FY25 will not exceed the allowable state tax revenue. Additionally, the report highlights that the 4% income surtax revenue is not subject to the limitations established by Chapter 62F.

The report provides specific figures, including a year-to-date net state tax revenue of $37,396,654,586 as of May 31, 2025, and an estimated total net state tax revenue for FY25 of $41,581,439,372. It also estimates the allowable state tax revenue for FY25 to be $46,384,735,613, indicating that the net state tax revenue will fall short by $4,803,296,241. The DOR is mandated to prepare and submit this report annually by September 2, which will replace the June monthly report.