The proposed bill establishes an excise tax on the retail sale of wireless communications devices intended for individuals under 18 years of age, effective January 1, 2026. The tax rate is set at 32% of the purchase price, with the purchaser being responsible for the tax. The Department of Treasury is tasked with administering the tax, collecting it in conjunction with the existing use tax, and may create necessary forms and rules for implementation.

Revenue generated from this excise tax will be directed into a newly created Children's Mental Health and Safety Fund, which will be managed by the Department of Treasury. The fund is designated for supporting activities that enhance the mental health and safety of children, as well as for the administration of the act itself. The bill ensures that funds in the Children's Mental Health and Safety Fund do not lapse at the end of the fiscal year, allowing for ongoing support of its intended purposes.