The bill proposes a constitutional amendment to implement a 74% sales tax and use tax in Montana, specifically aimed at reducing property taxes that fund K-12 education. It amends Article VIII, section 16 of the Montana Constitution to allow the legislature to dedicate the net revenue from this general statewide sales tax and use tax to education, with the stipulation that the tax rate may not exceed 4% unless appropriated for other purposes by a three-fourths vote of the legislature. The bill also establishes that a two-thirds affirmative roll call vote from all members of the legislature is required for its passage, as it constitutes a legislative proposal to amend the constitution.

If approved by the electorate, the act would take effect on July 1, 2027. The bill mandates that it be submitted to the qualified electors of Montana during the general election in November 2026, with the ballot including options for voters to express their support or opposition to the constitutional amendment.