A Joint Resolution proposing an amendment to the Constitution of the Commonwealth of Pennsylvania, providing for expiration of authority to levy or collect real property taxes on homesteads and farmsteads.

SB 394 proposes a constitutional amendment to end school districts' authority to levy real property taxes on primary homes (homesteads) and farms (farmsteads) after June 30, 2030. This directly affects homeowners and farmers by eliminating future property taxes on their primary residences and agricultural land, while requiring the state to replace lost school funding through alternative taxes like retail sales or income taxes. The bill mandates that the state annually compensate school districts for lost revenue by depositing funds into a dedicated "Stabilization of Education Fund," which cannot be diverted for other purposes. The amendment must pass both legislative chambers and be approved by voters to take effect.