Allows the alteration or repeal of real property tax exemptions for private institutions of higher education

This bill proposes to amend the state constitution to allow the legislature to change or remove tax exemptions for real property owned by private colleges and universities. Currently, the constitution protects tax exemptions for religious, educational, and charitable organizations, but this measure would create a specific exception for private higher education institutions. If passed, the government would gain the authority to alter or end these tax breaks, whereas other non-profit entities would retain their protected status. The bill requires publication and a public vote in a future election before it can take effect.