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 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 less than ninety days in a calendar year without engaging in intrastate commercial activity, and aircraft operated exclusively in 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 that the specifics regarding the assessment, equalization, and distribution of the license tax will be determined by law.