The legislative bill proposes an amendment to the Minnesota Constitution to create a system where a portion of the state's budget surplus is returned to taxpayers. If the state's projected revenue exceeds its expenditures by more than 5%, the excess money will be placed in a new account called the Minnesota Tax Relief Account. This account will be used to provide tax refunds or reductions for property and income taxpayers. The refunds provided from this account will not be taxable. This amendment will be put to a vote in the 2026 general election, where voters can choose whether or not to implement this policy.