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Amend CSHB 5 as follows:
(1) In SECTION 1.02 of the bill (committee printing, page 9,
line 65) between "any" and "amounts" insert "amounts the district
received as a result of an increase from tax year 2002 to tax year
2003 in the district's property tax rate for maintenance and
operations nor any".
(2) In SECTION 1.02 of the bill (committee printing, page
10, line 2), insert a new subsection the following new (b) and
re-letter current subsections (b) - (e):
(b) For purposes of subsection (a) a district's property tax
rate for maintenance and operations is determined by dividing the
amount of property taxes the district imposed for maintenance and
operations by the district's taxable value before optional
exemptions are deducted and multiplying the result by 100.