The Conference Committee Report on SCR 1603 indicates that the Senate has agreed to all amendments made by the House to the concurrent resolution. Additionally, the committee has proposed further amendments to clarify the language regarding property taxation. Key changes include the removal of certain lines and the insertion of provisions that grant the legislature the authority to establish valuation limits for various classes or subclasses of property.

The report emphasizes the legislature's ability to limit valuation increases for property through law, thereby providing a framework for potential adjustments in property taxation. The committee recommends the adoption of this amended resolution, which aims to enhance legislative control over property valuation and taxation policies.