Floor Packet Page No. 21 Amend CSHJR 4 as follows: (1) On page 5, line 17, strike "Subsection (c-1)" and substitute "Subsections (c-1), (i), (j), (k), and (l)". (2) On page 6, between lines 8 and 9, insert the following: (i) The appraised value of real property, other than real property appraised as provided by Section 1-d or 1-d-1 of this article, for ad valorem tax purposes for the first tax year after the tax year in which the owner acquires the property may not exceed the market value of the property. Notwithstanding Subsections (a) and (b) of this section, the appraised value of the property in each subsequent tax year until the end of the tax year in which the ownership of the property changes may not exceed the sum of: (1) the appraised value of the property for tax purposes for the preceding year as adjusted by the appraisal office for the current tax year to reflect the change from the preceding tax year in the purchasing power of the dollar for consumers in this state; and (2) the market value of all new improvements to the property. (j) In Subsection (i) of this section, "new improvement" means an improvement to real property that is made after the appraisal of the property for the preceding tax year and that increases the market value of the property. The term does not include ordinary maintenance of an existing structure or the grounds or another feature of the property. (k) For each tax year, using the index that the Comptroller of Public Accounts considers to most accurately report changes in the purchasing power of the dollar for consumers in this state, the comptroller shall determine and publicize the percentage by which the appraised value of real property may be increased under Subsection (i)(1) of this section. Each appraisal office shall use the percentage determined by the comptroller under this subsection to determine the maximum increase in the appraised value of real property appraised by that appraisal office. (l) For purposes of Subsection (i) of this section, the owner of real property on January 1, 1997, is considered to have acquired the property in the 1996 tax year. (3) On page 12, between "proprietorships," and "providing", insert "limiting increases in the appraised value of real property for ad valorem tax purposes,".