Legislative referendum on state surplus revenue

This bill proposes sending a legislative referendum to Montana voters in November 2026 to decide whether the state can return excess revenue to resident income taxpaye rs. If approved, the legislature would gain the authority to create a program that refunds surplus state funds to taxpayers who pay income tax. The bill outlines that lawmakers would determine specific details such as the revenue threshold for refunds, how to calculate refund amounts, who qualifies, and how to distribute the money. The measure does not establish the refund program itself but instead asks voters whether to allow the legislature to create it in the future.