The joint resolution proposes an amendment to the Florida State Constitution that aims to increase the homestead property tax exemption by $100,000 for properties covered by comprehensive multiperil property insurance. This amendment would apply to all ad valorem taxation, excluding school district levies. Additionally, the resolution seeks to establish a new section that prohibits counties and municipalities from reducing their total funding for law enforcement services below the amounts budgeted in either the 2025-2026 or 2026-2027 fiscal years, whichever is higher. The proposed changes are set to take effect on January 1, 2027.

The resolution outlines specific adjustments to the existing homestead exemption provisions, including annual inflation adjustments based on the Consumer Price Index. It also includes provisions for tax relief for certain groups, such as veterans and first responders, and emphasizes the importance of maintaining law enforcement funding despite potential reductions in ad valorem revenue resulting from the increased homestead exemption. The proposed amendment will be submitted to voters for approval or rejection at the next general election or an earlier special election authorized by law.