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 exemption is subject to conditions and definitions established by the legislature through general law.

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 also includes a statement to be placed on the ballot, clearly outlining the proposed constitutional amendment regarding the exemption of tangible personal property on agricultural land from taxation.