The resolution proposes an amendment to Article IX, Section 3 of the Arizona Constitution, which pertains to annual taxes. It mandates that the legislature must establish an annual tax sufficient to cover the state's necessary ordinary expenses for each fiscal year. Additionally, it requires the legislature to levy a tax to pay off any state debt, ensuring that both the principal and interest are paid within twenty-five years of the law's enactment. The resolution emphasizes that no tax can be imposed without a legal basis, and any tax law must clearly state its purpose, with funds allocated solely for that purpose.

If approved by voters and proclaimed by the Governor, this amendment will be submitted to the electorate during the next general election, as outlined in Article XXI of the Arizona Constitution. The resolution aims to clarify the legislative responsibilities regarding taxation and ensure transparency in the use of tax revenues collected for state purposes.