The resolution proposes an amendment to the Florida State Constitution that would allow the Legislature to set a limit on the assessed value of homestead properties owned by certain low-income seniors, ensuring that their property taxes do not exceed the assessed value from the year they turned sixty-five. This amendment aims to provide financial relief to low-income seniors by preventing significant increases in property taxes as property values rise. The proposed changes would be submitted to voters for approval during the next general election or a special election.

If approved, the amendment would take effect on January 1, 2027, and would involve modifications to Section 4 of Article VII and the creation of a new section in Article XII of the State Constitution. The resolution emphasizes the importance of protecting low-income seniors from potential financial burdens associated with rising property assessments, thereby promoting stability and affordability in housing for this demographic.