An Act establishing a millionaire’s tax trust fund

This bill creates a new state fund specifically for money collected from a millionaire's tax. The fund will only be used to support public education, affordable colleges, and the repair of roads and bridges. Any money left over at the end of the year stays in the fund for future use instead of going to the general state budget. Additionally, the bill requires the state revenue commissioner to send an annual report to lawmakers detailing how much money was collected and spent.