Amend CSSJR 1 as follows:
(1) Add the following new SECTION to the resolution and
renumber existing SECTIONS accordingly:
SECTION ___. Subsection (i), Section 1, Article VIII, Texas
Constitution, is amended to read as follows:
(i) Notwithstanding Subsections (a) and (b) of this
section, the Legislature by general law may limit the maximum
annual percentage increase in the appraised value of residence
homesteads for ad valorem tax purposes [to 10 percent, or a greater
percentage, for each year since the most recent tax appraisal]. 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
nor the owner's spouse or surviving spouse qualifies for an
exemption under Section 1-b of this article.
(2) In SECTION 8 of the resolution, in the proposed
constitutional election ballot language (committee printing page
4, line 53), strike "and increasing the state" and substitute
"increasing the state".
(3) In SECTION 8 of the resolution, in the proposed
constitutional election ballot language, between "tax rate" and the
period (committee printing page 4, line 54), insert ", and
repealing the 10 percent restriction on the legislature's authority
to limit annual increases in the appraised value of residence
homesteads for ad valorem tax purposes".