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. It emphasizes the importance of home ownership as a key aspect of the American dream and highlights the financial challenges posed by rising property taxes, particularly for young families, middle-class households, and retirees. The resolution underscores the Legislature's responsibility to manage taxpayer money prudently and to identify inefficiencies in government spending that contribute to the tax burden on homeowners.

The interim committee will consist of members from both the House of Representatives and the Senate, including representatives from the 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 government agencies, local political subdivisions, higher education representatives, and private sector entities. It is required to report its findings and recommendations, along with any proposed legislation, by December 1, 2025, to ensure that property tax relief measures are identified and implemented to support home ownership in the state.