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 percent (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 to qualify for this limitation.

If approved, this amendment would take effect for properties owned on January 1 of the tax year following the enactment of the law imposing the limitation. It would expire on January 1 of the tax year after the owner no longer owns the property or if the property no longer meets the defined criteria. The proposed amendment is set to be presented to voters in an election scheduled for May 2, 2026, allowing them to decide whether to authorize the legislature to implement these changes.