The joint resolution proposes an amendment to the Florida State Constitution that would allow the Legislature to establish, through general law, that the transfer of homestead property by inheritance does not constitute a change in ownership for the purposes of property assessment. This change aims to ensure that inherited homestead properties are not subject to reassessment, thereby maintaining the tax benefits associated with homestead status for heirs. The resolution includes amendments to Section 4 of Article VII and introduces a new section in Article XII, which outlines the effective date of this amendment as January 1, 2027.

If approved by voters in the next general election or a special election, this amendment would provide clarity and stability for families inheriting homestead properties, allowing them to retain the existing tax assessments rather than facing potential increases due to ownership changes. The resolution emphasizes the importance of preserving the financial benefits of homestead property for future generations, thereby supporting family stability and continuity in property ownership.