The resolution proposes a constitutional amendment to abolish ad valorem taxes in Texas, effective January 1, 2030. It stipulates that, with the exception of certain provisions, political subdivisions of the state will no longer be allowed to impose ad valorem taxes for any purpose after this date. However, it allows for the continuation of such taxes solely for the purpose of repaying existing bonds or obligations that were issued prior to January 1, 2030, which are secured by ad valorem tax revenue. This means that while new ad valorem taxes will be prohibited, existing obligations can still be serviced through the collection of these taxes until they are fully paid off.

The proposed amendment will be presented to voters in an election scheduled for November 4, 2025. The ballot will include a proposition allowing voters to express their support or opposition to the constitutional amendment aimed at abolishing ad valorem taxes.