Amend the Nixon amendment to CSHJR 4 to read as follows:
      Amend SECTION 4, of CSHJR 4, by adding Subsection (i) and (j)
to read as follows:
      (i)  Notwithstanding Subsections (a) and (b) of this section,
the Legislature by general law may limit the maximum annual
increase in the appraised value of residence homesteads for ad
valorem tax purposes in order to provide tax relief from the
effects of rapid increases in the market value of residence
homesteads. A limitation on appraisal increases authorized by this
subsection:
            (1)  takes effect as to a residence homestead on the
later of the effective date of the law imposing the limitation or
January 1 of the tax year following the first tax year the owner
qualifies the property for an exemption under Section 1-b of this
article; and
            (2)  expires on January 1 of the first tax year that
neither the owner of the property when the limitation took effect,
the owner's spouse or surviving spouse, nor a minor child of the
owner qualifies for an exemption under Section 1-b.
      (j)  Notwithstanding Subsections (a) and (b) of this section,
the Legislature by general law may limit the frequency with which
increases in the appraised value of real property for ad valorem
tax purposes may be recognized.