The resolution SCR1003 proposes an amendment to the Arizona Constitution regarding the compensation of state legislators. If approved by voters, it would allow for the annual adjustment of legislators' salaries based on inflation or deflation, as measured by the Consumer Price Index, starting from the calendar year in which the salary was last approved. The adjusted salary would take effect on January 1 of each year, with the requirement that the Secretary of State submit this proposition to voters at the next general election.

Additionally, the resolution outlines the establishment of a Commission on Salaries for Elective State Officers, which would recommend salary rates for elected officials, including legislators. The commission's recommendations would be submitted to the Secretary of State and presented to voters for approval. If approved, these recommendations would take effect at the beginning of the next regular legislative session. The resolution also includes provisions for technical changes and clarifications regarding the process of salary adjustments and the role of the commission.