Amend the Callegari amendment to CSHB 3928 (page 58 of the
amendment packet) as follows:
(1) On page 1 of the amendment, lines 10 and 17, strike "70
cents" both places it appears and substitute "50 cents".
(2) On page 2 of the amendment, line 2, strike "70 cents" and
substitute "50 cents".
(3) On page 2 of the amendment, following line 23, insert
the following:
SECTION ____. Section 403.109, Government Code, is amended by
amending Subsection (c) and adding Subsection (c-1) to read as
follows:
(c) Subject to Subsection (c-1), beginning [Beginning] in
the state fiscal year that begins after the first tax year in which
the average school district maintenance and operations tax rate is
not more than $1.00 per $100 of taxable value, any money remaining
in the fund after a sufficient amount of money is appropriated in
that state fiscal year to maintain an average school district
maintenance and operations tax rate of $1.00 per $100 of taxable
value may be appropriated only as follows:
(1) two-thirds of the money appropriated from the fund
may be appropriated only for a purpose that will result in a further
reduction of the average school district maintenance and operations
tax rate; and
(2) one-third of the money appropriated from the fund
may be appropriated only for the purpose of increasing the level of
equalization of school district enrichment tax effort to the extent
that limits reliance by school districts on local property tax
effort and decreases the enrichment tax rates of districts.
(c-1) Beginning in the state fiscal year that begins after
the first tax year in which the average school district maintenance
and operations tax rate is not more than 50 cents per $100 of
taxable value, any money remaining in the fund after a sufficient
amount of money is appropriated in that state fiscal year to
maintain an average school district maintenance and operations tax
rate of 50 cents per $100 of taxable value may be appropriated only
as follows:
(1) one third of the money appropriated from the fund
may be appropriated only for a purpose that will result in a further
reduction of the average school district maintenance and operations
tax rate;
(2) one-third of the money appropriated from the fund
may be appropriated only for the purpose of increasing the level of
equalization of school district enrichment tax effort to the extent
that limits reliance by school districts on local property tax
effort and decreases the enrichment tax rates of districts; and
(3) one-third of the money appropriated from the fund
may be appropriated only for the purpose of reducing franchise tax
rates under Chapter 171, Tax Code.