HJR 196 proposes a constitutional amendment requiring a periodic review of state and local tax preferences and automatic expiration of certain tax benefits if not reauthorized by law. Any tax preference enacted after September 1, 2026, will expire after six years unless explicitly extended by the Legislature. The resolution also mandates that tax incentives already in effect before September 1, 2026, must be reviewed and reauthorized to remain valid beyond six years. The measure will be submitted to voters in the November 4, 2025, election​.