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	Amend CSHJR 26 as follows:                                                   



(1)  Strike the underlined text on page 1, line 23, through 	page 2, line 26, and substitute the following:



The legislature by general law may provide for the reduction of the 

amount of a limitation provided by this subsection to reflect any 

reduction from the preceding year in the tax rate for general 

elementary and secondary public school purposes applicable to a 

residence homestead.  A general law providing for the reduction of 

the amount of a limitation provided by this subsection to reflect 

any reduction from the preceding year in the tax rate for general 

elementary and secondary public school purposes applicable to a 

residence homestead may, for purposes of computing the amount of 

the limitation for the 2007 tax year and subsequent tax years, also 

take into account any reduction in the tax rate for those purposes 

from the 2005 tax year to the 2006 tax year if the homestead was 

subject to the limitation in the 2006 tax year.

	(2)  Strike page 3, lines 19 through 22, and substitute the 

following:       



Called Session, 2006, authorizing the legislature to provide for a 

reduction of the limitation on the total amount of ad valorem taxes 

that may be imposed for public school purposes on the residence 

homesteads of the elderly or disabled to reflect any reduction in 

the rate of those taxes and

	(3)  Strike page 4, lines 1 through 6, and substitute the 

following:         



submitted to the voters at an election to be held November 7, 2006, 

but only if HB 1, Acts of the 79th Legislature, 3rd Called Session, 

2006, is enacted and becomes law.  If HB 1, Acts of the 79th 

Legislature, 3rd Called Session, 2006, does not become law, this 

proposed constitutional amendment may not be submitted to the 

voters.  If HB 1, Acts of the 79th Legislature, 3rd Called Session, 

2006, becomes law, the ballot shall be printed to permit voting for 

or against the proposition:  "The constitutional amendment 

authorizing the legislature to provide for a reduction of the 

limitation on the total amount of ad valorem taxes that may be 

imposed for public school purposes on the residence homesteads of 

the elderly or disabled to reflect any reduction in the