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 land classified as agricultural, used in the production of agricultural products or for agritourism activities, and owned by the landowner or leaseholder of the agricultural land. This amendment is intended to support agricultural operations and related activities by reducing their tax burden.

If approved by the electors of Florida, this amendment would take effect for tax years beginning January 1, 2027. The resolution outlines that the exemption will be subject to conditions and limitations as specified by the legislature in general law. Additionally, the proposed amendment will be presented to voters on the ballot, allowing them to decide on the adoption of this tax exemption for agricultural-related tangible personal property.