The resolution calls for the establishment of an interim committee by the Executive Board of the Legislative Research Council to conduct a comprehensive review of property tax policies in South Dakota. The aim is to identify effective measures for providing significant and lasting tax relief to homeowners, as rising property taxes are increasingly burdening families, particularly young families, middle-class households, and retirees on fixed incomes. The resolution emphasizes the importance of home ownership as a key aspect of the American dream and the need for responsible stewardship of taxpayer money.

The interim committee will consist of members from both the House of Representatives and the Senate, including representatives from both majority and minority parties, as well as ex officio members from the Bureau of Finance and Management and the Governor's office. The committee is tasked with gathering input from various stakeholders, including executive branch agencies, local governments, higher education representatives, and taxpayers. It is required to report its findings and recommendations, along with any proposed legislation, by December 1, 2025.