This bill establishes a committee tasked with studying methods to increase revenues for education funding. The committee will explore viable revenue options, including new state revenue sources and modifications to existing ones, with the goal of enhancing education aid. The committee will consist of members from both the majority and minority parties of the House of Representatives, as well as two members from the Senate, all appointed by their respective leaders. Legislative members will receive mileage compensation for their duties.

The committee's responsibilities include analyzing potential revenue sources, identifying ways to fund education while reducing property taxes, and assessing the reliability, implementation costs, and economic impacts of these sources. The committee is required to solicit input from relevant state agencies and experts and will report its findings without making specific recommendations for or against any options. The report is due by November 1, 2026, and the committee is expected to hold its first meeting by August 7, 2026. The bill will take effect upon passage.