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 exempt property that is habitually located on agricultural land, used for producing agricultural products or agritourism activities, and owned by the landowner or leaseholder. This amendment would modify Section 3 of Article VII and create a new section in Article XII, allowing for the exemption to be defined and regulated by general law.

If approved by voters in the next general election or a special election, the amendment would take effect for tax assessments beginning January 1, 2027. The resolution includes a statement for the ballot that outlines the proposed constitutional amendment, emphasizing the exemption for tangible personal property associated with agricultural activities. This initiative is intended to support agricultural operations and agritourism in Florida by reducing the tax burden on property used in these sectors.