Can anyone explain California's Proposition 25?

I’ve seen some strangely worded expanations but this one takes the biscuit. So if there is a politically savvy person out there who can explain the bill in small words that I can understand, I would very much appreciate it.
I should add that I do not want to have an issue about the pros and cons, but I would like to have implications spelled out for me if it can be done without jabs at either side.