This joint resolution proposes an amendment to Article 8, Section 5 of the New Mexico Constitution to establish a property tax exemption for certified and commissioned police officers, deputy sheriffs, and active firefighters who are members of the Public Employees Retirement Association. To qualify for this exemption, individuals must have earned a pension amounting to at least ninety-five percent of their final average salary. The proposed exemption would allow eligible individuals to exempt $5,000 of their property from taxation.

The resolution outlines the process for implementing this amendment, stating that it will be submitted to the public for approval or rejection during the next general election or any special election called before that date. Additionally, it specifies that the burden of proving eligibility for the exemption lies with the individual claiming it, ensuring that only those who meet the criteria can benefit from the proposed tax relief.