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 includes a provision that allows these subdivisions to continue imposing ad valorem taxes solely for the purpose of repaying existing bonds or obligations that were issued prior to January 1, 2030, which are secured by revenue from these taxes.

The proposed amendment will be presented to voters in a referendum scheduled for November 4, 2025. The ballot will allow voters to express their support or opposition to the amendment with the option to vote "for" or "against" the proposition titled "The constitutional amendment to abolish ad valorem taxes."