House Bill No. introduced by various legislators proposes an amendment to Article VIII, Section 16 of the Montana Constitution, which aims to implement a 74% sales tax and use tax specifically to reduce property taxes that fund K-12 education. The bill modifies existing legal language by changing the limitation on sales tax and use tax rates for education, allowing the legislature to dedicate the net revenue from a general statewide sales tax and use tax to this purpose, unless appropriated for other purposes by a three-fourths vote of the members of each house of the legislature.

Additionally, the bill stipulates that a two-thirds vote of all members of the legislature is required for its passage, as it constitutes a constitutional amendment. If approved by the electorate in the general election scheduled for November 2026, the act would take effect on July 1, 2027. The ballot will present voters with the option to vote "YES" or "NO" on the constitutional amendment.