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 as defined by Chapter 62F. The report includes specific estimates for fiscal year 2026, indicating that the full fiscal year net state tax revenue is projected to be $41,640,813,837, while the allowable state tax revenue is estimated at $48,216,176,599. This results in a projected shortfall of $6,575,362,762, meaning that the net state tax revenue will not exceed the allowable limit.

Additionally, the bill clarifies that the 4% income surtax revenue will not be subject to the limitations established by Chapter 62F. The report highlights various categories of tax revenue collected, including income, sales, and corporate taxes, and provides a detailed breakdown of year-to-date collections as of October 31, 2025. The DOR's estimates are based on currently available data and are subject to revisions as more information becomes available.