The joint resolution proposes an amendment to the Florida State Constitution that aims to exempt certain tangible personal property from ad valorem taxation. Specifically, it seeks to amend Section 3 of Article VII and create a new section in Article XII, allowing for the exemption of tangible personal property that is habitually located on agricultural land, used in the production of agricultural products or for agritourism activities, and owned by the landowner or leaseholder of that land. This amendment is intended to support agricultural operations and agritourism by reducing the tax burden on property used for these purposes.

If approved by the electors during the next general election or a specially authorized election, the amendment would take effect for tax assessments beginning January 1, 2027. The resolution outlines that the exemption will be subject to conditions and limitations defined by the legislature through general law, ensuring that the criteria for eligibility are clearly established. The proposed amendment aims to promote agricultural productivity and support the agritourism sector in Florida.