SJR 2 - This constitutional amendment modifies provisions relating to taxation. REAL PROPERTY TAX LIABILITIES This constitutional amendment, if approved by the voters, authorizes an eligible taxpayer to claim a property tax credit on the taxpayer's residential real property tax liability. Eligible taxpayers are defined as residents who: 1) are the owner of record of or have a legal or equitable interest in a homestead; and 2) are liable for the payment of real property taxes on such homestead. The amount of the property tax credit shall be equal to the difference between the real property tax liability on the homestead in a given year minus the real property tax liability on such homestead in the year in which the taxpayer became an eligible taxpayer. A credit granted pursuant to this amendment shall be applied when calculating the eligible taxpayer's property tax liability for the tax year. The amount of the credit shall be noted on the statement of tax due sent to the eligible taxpayer by the county collector. TAXATION OF UNREALIZED GAINS This constitutional amendment, if approved by the voters, prohibits any taxes from being imposed on any unrealized gains accrued on any asset prior to the sale of such asset. (Section 4(e)) This amendment is identical to SJR 53 (2025). JOSH NORBERG