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

If approved by voters and proclaimed by the Governor, this amendment will be submitted for consideration at the next general election. The resolution aims to clarify the legal framework surrounding taxation in Arizona, ensuring transparency and accountability in how tax revenues are collected and utilized.