The resolution proposes an amendment to the West Virginia Constitution that would allow the state legislature to repeal all ad valorem taxation on homestead real property, effective July 1, 2027. This amendment, designated as "Amendment No. 1" and titled "Amendment Authorizing the Legislature to Eliminate the Tax on Real Property," aims to provide the legislature with the authority to eliminate this specific tax while also mandating the creation of a mechanism to replace the funding that counties currently receive from such taxation.

The resolution has been introduced and referred to the Committee on Finance and then Judiciary, with the intention of submitting the proposed amendment to the voters during the next general election in 2026. The summarized purpose of the amendment emphasizes the need for legislative action to eliminate the tax while ensuring that counties are compensated for the loss of revenue from ad valorem taxation on homestead properties.