The proposed resolution seeks to amend Article IX, Section 15 of the Arizona Constitution, which pertains to the license tax imposed on aircraft registered for operation in the state. The amendment aims to clarify that the license tax will replace all ad valorem property taxes on applicable aircraft. It specifies exemptions for certain types of aircraft, including those operated by airlines for commercial transportation, aircraft held by dealers for sale, nonresident-owned aircraft used for limited periods, and aircraft used exclusively for public service by the state or its political subdivisions.

If approved by voters and proclaimed by the Governor, the amendment will be submitted for consideration at the next general election. The resolution outlines the process for assessing and levying the license tax, as well as the distribution of its proceeds, which will be determined by law.