The joint resolution proposes an amendment to the Florida State Constitution that would allow the Legislature to extend the same property tax exemptions and assessment limitations currently available to homestead properties to certain real properties that are subject to long-term leases of six months or more. This amendment aims to provide tax relief to property owners who lease their properties while maintaining the benefits associated with homestead exemptions. The proposed changes would be submitted to voters for approval during the next general election or a special election authorized by law.

If approved, the amendment would modify Section 6 of Article VII and create a new section in Article XII of the State Constitution, allowing for the application of these exemptions starting with the 2027 tax roll. The resolution outlines the specific conditions under which these exemptions would apply, including the requirement that the property must be owned by someone who already receives a homestead exemption. The effective date for these changes would be January 1, 2027, should the voters approve the amendment.