The resolution proposes an amendment to the Missouri Constitution that would repeal the current Section 6 of Article X and replace it with a new section focused on property tax exemptions for certain disabled veterans. Specifically, it aims to exempt all property owned by veterans with service-connected disabilities from taxation, including their homesteads and personal property. The amendment also outlines provisions for the taxation of industrial inventories and personal property held by manufacturers, distributors, and retailers, ensuring that any lost revenue from these exemptions is compensated through a countywide tax imposed on other properties.

Additionally, the new section establishes a system for tax exemptions based on the disability rating of veterans. For those with a disability rating of less than 100%, their property taxes would be reduced proportionally to their rating, while veterans rated at 100% would be fully exempt from property taxes. The resolution mandates that this amendment be presented to Missouri voters during the general election in November 2026 or at a special election called by the governor.