The bill mandates that local governments and the Department of Labor and Industry must send copies of building and electrical permits for new construction to the Department of Revenue. This notification must occur within 90 days of the permit's issuance and should include clear location information for the parcel, which can be provided in various formats such as an address, geocode, or legal description. The definition of "local government" is specified to include any city, town, county, or consolidated city-county.

Additionally, the bill includes a codification instruction indicating that the provisions outlined in Section 1 will be integrated into Title 15, chapter 7, part 1 of the Montana Code. Notably, the bill replaces the previous requirement for notification to be sent to the "applicable" department of revenue field office with a more streamlined process, eliminating the need for a specific field office designation.