H.B. No. 3018 establishes the Commission to Study Measures to Abolish Ad Valorem Taxes, which will consist of nine members, including the comptroller of public accounts, three members from the Senate, three from the House of Representatives, and two public members appointed by the governor. The comptroller will serve as the presiding officer, and the commission will meet at the call of the presiding officer. Members will not receive compensation for their service but will be reimbursed for necessary expenses incurred while performing their duties.

The commission is tasked with conducting a study on alternative taxation methods to replace revenue lost to political subdivisions if ad valorem taxes are abolished. A report detailing the study's findings and any legislative recommendations must be submitted by December 1, 2026, to key state leaders. The commission will be abolished, and the act will expire on September 1, 2027. The act will take effect immediately if it receives a two-thirds vote from both houses; otherwise, it will take effect on September 1, 2025.