The resolution proposes a constitutional amendment to increase the exemption amount for residence homesteads from ad valorem taxation by school districts in Texas. Specifically, it seeks to raise the exemption from $100,000 to $200,000 of the market value for both married and unmarried adults, including those living alone. Additionally, it allows for an exemption of up to $10,000 for disabled individuals and those aged 65 and older, with provisions for the legislature to determine eligibility based on economic need. The resolution also includes stipulations regarding the continuation of tax levies for previously pledged debts and outlines the legislature's responsibility to protect school districts from revenue loss due to these exemptions.

The proposed amendment is set to take effect for the tax year beginning January 1, 2026, and will be submitted to voters for approval in an election scheduled for November 4, 2025. A temporary provision is included, which will expire on January 1, 2027, ensuring that the amendment is implemented within a specific timeframe. The ballot for the election will allow voters to express their support or opposition to the increase in the exemption amount for residence homesteads from school district ad valorem taxation.