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Substitute the following for the Gallego Third Reading
amendment to HB 1006:
Amend HB 1006 on Third Reading, in the section of the bill
adding Section 26.071, Tax Code, by striking the heading and
Subsection (a) of added Section 26.071 and substituting the
following:
Sec. 26.071. ELECTION TO REPEAL INCREASE OF TAX RATE IN
CERTAIN TAXING UNITS. (a) This section applies only to:
(1) a junior college district; or
(2) a county or municipality for which the total tax
rate proposed for the current tax year would impose taxes in an
amount that does not exceed $5 million for maintenance and
operations when applied to the current total value for the county or
municipality.
(a-1) Sections 26.07 and 26.08 do not apply to a taxing unit
to which this section applies.
(a-2) In a formula provided by this chapter for the
calculation of the rollback tax rate of a county or municipality to
which this section applies, 1.08 shall be substituted for 1.05.