The resolution proposes an amendment to the Arkansas Constitution that would allow the General Assembly to enact laws exempting property from taxation. Currently, the Constitution prohibits any property tax exemptions not explicitly provided for within it. The amendment seeks to modify Article 16, Section 6 of the Constitution to enable the legislature to create additional tax exemptions beyond those already established.

If approved by a majority of voters in the next general election, the amendment would take effect on January 1, 2025. The ballot title for this proposed amendment will be "A Constitutional Amendment Providing that the General Assembly May Enact Laws Exempting Property from Taxation," allowing voters to easily identify the measure on the ballot.