AN ACT
 1-1     relating to the treatment of the limitation on increases in the
 1-2     appraised value of a residence homestead in the determination of
 1-3     school district property values by the comptroller of public
 1-4     accounts.
 1-5           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-6           SECTION 1.  Section 403.302, Government Code, is amended by
 1-7     adding Subsection (h) to read as follows:
 1-8           (h)  If the comptroller determines in the annual study that
 1-9     the market value of property in a school district as determined by
1-10     the appraisal district that appraises property for the school
1-11     district, less the total of the amounts and values listed in
1-12     Subsection (d) as determined by that appraisal district, is valid,
1-13     the comptroller, in determining the taxable value of property in
1-14     the school district under Subsection (d), shall for purposes of
1-15     Subsection (d)(11) subtract from the market value as determined by
1-16     the appraisal district of residence homesteads to which Section
1-17     23.23, Tax Code, applies the amount by which that amount exceeds
1-18     the appraised value of those properties as calculated by the
1-19     appraisal district under Section 23.23, Tax Code.  If the
1-20     comptroller determines in the annual study that the market value of
1-21     property in a school district as determined by the appraisal
1-22     district that appraises property for the school district, less the
1-23     total of the amounts and values listed in Subsection (d) as
1-24     determined by that appraisal district, is not valid, the
 2-1     comptroller, in determining the taxable value of property in the
 2-2     school district under Subsection (d), shall for purposes of
 2-3     Subsection (d)(11) subtract from the market value as estimated by
 2-4     the comptroller of residence homesteads to which Section 23.23, Tax
 2-5     Code, applies the amount by which that amount exceeds the appraised
 2-6     value of those properties as calculated by the appraisal district
 2-7     under Section 23.23, Tax Code.
 2-8           SECTION 2.  This Act takes effect September 1, 1999.
 2-9           SECTION 3.  The importance of this legislation and the
2-10     crowded condition of the calendars in both houses create an
2-11     emergency and an imperative public necessity that the
2-12     constitutional rule requiring bills to be read on three several
2-13     days in each house be suspended, and this rule is hereby suspended.
         _______________________________     _______________________________
             President of the Senate              Speaker of the House
               I hereby certify that S.B. No. 868 passed the Senate on
         May 3, 1999, by the following vote:  Yeas 30, Nays 0.
                                             _______________________________
                                                 Secretary of the Senate
               I hereby certify that S.B. No. 868 passed the House on
         May 25, 1999, by a non-record vote.
                                             _______________________________
                                                 Chief Clerk of the House
         Approved:
         _______________________________
                     Date
         _______________________________
                   Governor