The resolution proposes an amendment to the Constitution of the State of West Virginia, specifically adding a new section to Article X, which would grant the Legislature the authority to repeal the business and inventory ad valorem property tax on tangible personal property. If ratified, this amendment would take effect on July 1, 2029, and would require the Legislature to establish a general consumer sales tax rate that compensates for the revenue lost due to the repeal of the ad valorem tax. This revenue would then be distributed to counties and other political entities that previously received funding from the ad valorem tax.

The resolution outlines the process for submitting this proposed amendment to the voters during the next general election in 2026. It is designated as "Amendment 1" and is summarized as allowing the Legislature to eliminate the ad valorem tax while ensuring that a replacement funding mechanism is created to support counties that would be affected by this change. The intent is to provide a more favorable tax environment for businesses while maintaining necessary funding for local governments.