The resolution proposes a constitutional amendment that would allow the Texas legislature to permanently establish a limit on the maximum appraised value of real property, excluding residence homesteads, for ad valorem tax purposes. This change aims to provide more stability and predictability in property taxation for non-residential properties.

To implement this amendment, Section 1(n-1) of Article VIII of the Texas Constitution would be repealed. The proposed amendment will be presented to voters during an election scheduled for May 2, 2026, where they will have the opportunity to vote for or against the proposition, which seeks to authorize the legislature to make this limit permanent.