The resolution proposes an amendment to Article IX, Section 15 of the Arizona Constitution, which pertains to the license tax 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 aircraft, while also specifying certain exemptions. These exemptions include regularly scheduled aircraft operated by airlines for commercial transportation, aircraft owned by dealers for sale, nonresident-owned aircraft used for a limited time, and aircraft operated exclusively for public service by the state or its subdivisions.

If approved by voters and proclaimed by the Governor, the amendment will be submitted to the electorate during 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.