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 includes specific figures such as the year-to-date net state tax revenue, which is reported as $9,796,346,054, and estimates for the full fiscal year net state tax revenue at $41,811,534,188, with an allowable state tax revenue projection of $48,197,701,558. The DOR also estimates that net state tax revenue will be below the allowable state tax revenue by $6,386,167,370.

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 these revenues. The DOR's estimates are based on currently available data and are subject to revisions as more information becomes available.