The resolution proposes an amendment to the Constitution of the State of West Virginia, specifically adding a new section (10-1d) to Article X, which addresses taxation and finance. This amendment would empower the Legislature to enact laws that exempt owner-occupied real property used exclusively for residential purposes from ad valorem taxation. It stipulates that only one exemption can be granted per individual or couple, and that the properties will still be subject to appraisal and reappraisal as per existing laws.

The proposed amendment, designated as "Amendment 1" and titled the "Elimination of Real Estate Taxes on Permanent Residence amendment," aims to provide financial relief to homeowners by eliminating property taxes on their primary residences. The resolution mandates that the question of ratification or rejection of this amendment be presented to the voters during the general election in 2026, allowing citizens to decide on this significant change to the state's taxation policy.