The resolution proposes a constitutional amendment to allow the Texas Legislature to set limits on the maximum appraised value of certain commercial real properties for ad valorem tax purposes. Specifically, it would enable the legislature to cap the appraised value at either the most recent market value determined by the appraisal entity or at 110% (or a higher percentage) of the appraised value from the previous tax year. The amendment would require the legislature to define "commercial real property" and could include additional eligibility criteria for properties seeking this limitation.

If approved, this amendment would take effect for properties that meet the defined criteria and would be applicable starting from the effective date of the law or January 1 of the following tax year, depending on ownership status. The proposed amendment is set to be presented to voters in an election scheduled for May 2, 2026, with the ballot allowing voters to express their support or opposition to the measure.