Amend CSSB 841 by adding a new section appropriately numbered to read as follows and renumbering the other sections accordingly: SECTION ____. Subchapter B, Chapter 23, Tax Code, is amended by adding Section 23.129 to read as follows: Sec. 23.221. LIMITATION ON APPRAISAL OF NEWLY DEVELOPED RESIDENTIAL PROPERTY. (a) This section applies only in a county with a population of less than 150,000, and applies only to land constituting a platted subdivision primarily for residential purposes, including the individual lots or parcels of land platted or designated for individual sale or already sold to another person by the developer of the subdivision. (b) On application of the developer at any time after the plat is filed, the governing body of a taxing unit by official action may prohibit the reappraisal of the land for purposes of taxation by the taxing unit from any year designated by the governing body of the taxing unit after the plat is filed until a later year agreed to by the governing body and the developer. During that period, the market value of the land, including the individual lots or parcels, is determined using the market value per acre of the entire subdivision in the last year in which the land was appraised before the prohibition on reappraisals took affect.