The joint resolution proposes amendments to Sections 3, 4, and 9 of Article VII of the Florida State Constitution, along with the creation of a new section in Article XII. The primary aim of these amendments is to prohibit counties, school districts, and municipalities from levying ad valorem taxes on tangible personal property. This change is intended to provide tax relief to individuals and businesses by eliminating a specific form of taxation that can impact personal property, such as equipment and inventory.

If approved by voters at the next general election or a special election, these amendments will take effect on January 1, 2027. The resolution outlines the specific sections of the Constitution that will be amended and includes a statement for the ballot to inform voters about the proposed changes. The amendments are designed to streamline tax regulations and enhance economic development by making Florida a more attractive place for businesses and residents alike.