The resolution proposes an amendment to the West Virginia Constitution aimed at eliminating the ad valorem tax on tangible business inventory. This amendment, designated as "Amendment 1" and titled the "Elimination of Business Inventory Tax Amendment," seeks to prohibit the state from imposing taxes on goods, materials, and products held by businesses for sale or manufacturing. The proposed amendment will be submitted to voters for ratification during the general election in 2026.

To address potential revenue losses for local governments, the resolution includes provisions for the Legislature to implement alternative funding mechanisms or adjustments in state aid allocations. Additionally, local governments will have the flexibility to adjust their tax policies to maintain fiscal stability within the framework of the new amendment. The overall goal of this amendment is to foster a more favorable business environment by removing the tax burden on business inventory.