Amend the Marchant-Stiles amendment by striking all of the
text of the amendment and substituting the following:
      Amend CSHJR 4 by adding the following new section to the
resolution and renumbering subsequent sections appropriately:
      SECTION ____.  Article VIII, Texas Constitution, is amended
by adding Section 1-b-3 to read as follows:
      Sec. 1-b-3.  NOTICE OF PROPERTY TAX REDUCTION.  (a)  Not
later than October 1, 1997, the chief appraiser of each appraisal
district in this state shall send to each owner of a residence
homestead in the appraisal district the following written notice:
                  NOTICE OF PROPERTY TAX DECREASE
      Members of the 75th Texas Legislature, Regular Session, 1997,
have enacted legislation that will significantly reduce your school
district property taxes for 1997 and subsequent years when compared
to your 1996 school taxes.  The first tax bill reflecting this
reduction of your school district property taxes should be mailed
before October 1, 1997.  Questions concerning your tax bill should
be directed to the local tax collector.
      The amount of your school district property taxes for 1997 is
based on the value of your home on January 1, 1997, and any
residence homestead exemptions for which you qualify in 1997.
Questions concerning the appraised value of your home or about
residence homestead exemptions should be directed to the appraisal
district for your county.
      If the property taxes on your home are paid by an entity that
holds a mortgage on your home, you should inform the entity that
holds the mortgage of the reduction in the property taxes on your
home for 1997.  If an escrow account is maintained in connection
with the mortgage on your home, the entity that holds that mortgage
will adjust the amounts that you are required to pay into your
escrow account for 1998 property taxes.
      (b)  This section expires December 31, 1998.