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 circumstances, political subdivisions of the state will no longer be allowed to impose these taxes for any purpose after this date. However, it includes a provision that allows for the continuation of 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 these taxes. The revenue generated from these taxes can only be used to fulfill these repayment 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 provide the option for voters to express their support or opposition to the amendment, which is framed as "The constitutional amendment to abolish ad valorem taxes."