HJR 106 proposes a constitutional amendment to authorize a local option exemption from ad valorem taxation for all or part of the appraised value of the residence homesteads of certain peace officers. The resolution allows local governing bodies to adopt this exemption as either a specific dollar amount or a percentage of the appraised value. It includes provisions to safeguard the collection of taxes pledged for debt obligations prior to the exemption. The resolution directs the legislature to define "eligible peace officer" and establish additional eligibility criteria. If approved by voters, the amendment would take effect on January 1, 2026, and apply to tax years starting on or after that date.