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Floor Packet Page No. 8                                                     



	

Amend HB 3 as follows:                                                       

	(1)  On page 9, line 11, strike "$22,500" and substitute 

"$45,000".

	(2)  On page 9, line 12, strike "$17,500" and substitute 

"$30,000".

	(3)  On page 10, line 22, strike "$7,500" and substitute 

"$30,000".

	(4)  On page 12, line 2, strike "$7,500" and substitute 

"$30,000".

	(5)  On page 14, line 2, strike "$22,500" and substitute 

"$45,000".

	(6)  On page 14, between lines 18 and 19, insert the following 

appropriately numbered section and renumber subsequent sections 

accordingly:

	SECTION 1D.__.  Section 26.08, Tax Code, is amended by adding 

Subsections (n) - (p) to read as follows:

	(n)  For purposes of Subsection (o), each chief appraiser 

shall certify to the assessor for each school district 

participating in the appraisal district:

		(1)  a final value for the school district as computed 

using a residence homestead exemption under Section 1-b(c), Article 

VIII, Texas Constitution, in the amount of $15,000; and

		(2)  a final value for the school district as computed:                

			(A)  using a residence homestead exemption under 

Section 1-b(c), Article VIII, Texas Constitution, in the amount of 

$45,000; and

			(B)  taking into account the effect of the 

reduction in the limitation on tax increases under Section 1-b(d), 

Article VIII, Texas Constitution, made in connection with the 

increase in the residence homestead exemption to the amount 

described by Paragraph (A).

	(o)  Notwithstanding any other provision of this section to 

the contrary, for the 2006 tax year the governing body of a school 

district shall adopt a maintenance and operations tax rate that, 

when applied to the district's taxable value of property certified 

under Subsection (n)(2), yields an amount equal to the amount that 

would be raised at a tax rate adopted in compliance with the 

provisions of this section other than this subsection when applied 

to the district's taxable value of property certified under 

Subsection (n)(1).  For the 2006 tax year, the rollback tax rate of 

the district calculated under Subsection (i) or (k) is increased by 

the additional rate required to yield the amount required by this 

subsection.

	(p)  A maintenance and operations tax rate limitation imposed 

by Section 45.003, Education Code, does not apply to a tax rate 

adopted by the governing body of a school district in compliance 

with this section for the 2006 tax year or for a subsequent tax 

year.