The resolution calls for a special session of the New Jersey Legislature to specifically address the pressing issues of property tax relief and reform. It highlights the significant burden that high property taxes impose on residents, particularly affecting home ownership and disproportionately impacting the elderly, young families, and low-income individuals. The resolution emphasizes the need for legislative action to reform the current property tax system, which is characterized by inequitable and nonuniform school funding.

To facilitate this process, the resolution mandates that the presiding officers of both houses of the Legislature convene a special session within seven days of its passage. During this session, lawmakers will focus exclusively on devising and considering potential solutions for property tax relief and reform. Each house's presiding officer and minority leader are tasked with presenting bills for consideration, ensuring that the session is dedicated to addressing the critical issue of property taxation in the state.