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 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 revenue can only be used to fulfill these specific financial obligations until they are fully paid off.

The proposed amendment will be presented to voters in an election scheduled for May 2, 2026. The ballot will allow voters to express their support or opposition to the proposition, which is framed as "The constitutional amendment to abolish ad valorem taxes."