The joint resolution proposes an amendment to the Florida State Constitution that aims to increase the homestead exemption from $25,000 to $75,000 for all tax levies, including school district levies, while also providing for annual adjustments based on inflation. The resolution seeks to delete the existing exemption for school district levies and outlines the necessary changes to Section 6 of Article VII and the creation of a new section in Article XII. If approved, the amendment would take effect on January 1, 2027.

The resolution will be submitted to the electors of Florida for approval or rejection during the next general election or an earlier special election. The proposed changes include provisions for the annual adjustment of the exemption amount based on the Consumer Price Index, ensuring that the exemption keeps pace with inflation. Additionally, the resolution emphasizes that only one exemption will be allowed per individual or family unit, and it outlines the eligibility criteria for various exemptions, including those for veterans and first responders.