The resolution proposes an amendment to the West Virginia Constitution to increase the homestead exemption for property taxes. Specifically, it seeks to amend section one-b, article X, to allow for a $20,000 increase in the homestead exemption for eligible individuals every five years from the age of 65 to 80. This means that by the time a person reaches 80 years of age, they would be eligible for a maximum homestead exemption of $80,000 on their property, which is intended to provide financial relief to senior citizens and those who are permanently and totally disabled.

The resolution outlines the process for submitting this proposed amendment to the voters during the general election in 2028, requiring a two-thirds agreement from the members of both houses of the West Virginia Legislature. It also includes provisions for the assessment and taxation of property, ensuring that the changes align with existing laws and regulations. The amendment is designated as "Amendment No. 1" and is referred to as the "Homestead Exemption Increase Amendment," with the goal of enhancing property tax relief for eligible residents of West Virginia.