Amend HB 358 on third reading as follows:                                    
	(1)  On page 1, between lines 18 and 19, insert the 
following:               
	SECTION 2.  Section 31.031, Tax Code, is amended by amending 
Subsection (a) and adding Subsection (a-1) to read as follows:
	(a)  This section applies only to:                                      
		(1)  [If before the delinquency date] an individual who 
is:
			(A)  disabled or at least 65 years of age; and                 
			(B)  [is] qualified for an exemption under Section 
11.13(c); or
		(2)  an individual who is:                                             
			(A)  a disabled veteran or the unmarried surviving 
spouse of a disabled veteran; and
			(B)  qualified for an exemption under Section 
11.22.                
	(a-1)  If before the delinquency date an individual to whom 
this section applies pays at least one-fourth of a taxing unit's 
taxes imposed on property that the person owns and occupies as a 
residence homestead, accompanied by notice to the taxing unit that 
the person will pay the remaining taxes in installments, the person 
may pay the remaining taxes without penalty or interest in three 
equal installments.  The first installment must be paid before 
April 1, the second installment before June 1, and the third 
installment before August 1.
	(2)  On page 1, strike lines 19 through 21 and substitute the 
following:     
	SECTION 3.  The changes in law made by this Act apply only to 
an ad valorem tax year that begins on or after the effective date of 
this Act.
	(3)  On page 1, line 22, strike "SECTION 3. This" and 
substitute the following:
	SECTION 4.  (a) SECTION 1 of this                                              
	(4)  On page 2, line 3, between the comma and "this", insert 
"SECTION 1 of". 
	(5)  On page 2, immediately below line 4, add the following:                   
	(b)  SECTION 2 of this Act takes effect January 1, 2008.