Amend CSSB 1908 by adding the following appropriately 
numbered SECTION to the bill and renumbering subsequent SECTIONS 
accordingly:
	SECTION ____.  (a)  Sections 403.302(d) and (i), Government 
Code, are amended to read as follows:
	(d)  For the purposes of this section, "taxable value" means 
the market value of all taxable property less:
		(1)  the total dollar amount of any residence homestead 
exemptions lawfully granted under Section 11.13(b) or (c), Tax 
Code, in the year that is the subject of the study for each school 
district;
		(2)  one-half of the total dollar amount of any 
residence homestead exemptions granted under Section 11.13(n), Tax 
Code, in the year that is the subject of the study for each school 
district;
		(3)  the total dollar amount of any exemptions granted 
before May 31, 1993, within a reinvestment zone under agreements 
authorized by Chapter 312, Tax Code;
		(4)  subject to Subsection (e), the total dollar amount 
of any captured appraised value of property that:
			(A)  is within a reinvestment zone created on or 
before May 31, 1999, or is proposed to be included within the 
boundaries of a reinvestment zone as the boundaries of the zone and 
the proposed portion of tax increment paid into the tax increment 
fund by a school district are described in a written notification 
provided by the municipality or the board of directors of the zone 
to the governing bodies of the other taxing units in the manner 
provided by Section 311.003(e), Tax Code, before May 31, 1999, and 
within the boundaries of the zone as those boundaries existed on 
September 1, 1999, including subsequent improvements to the 
property regardless of when made;
			(B)  generates taxes paid into a tax increment 
fund created under Chapter 311, Tax Code, under a reinvestment zone 
financing plan approved under Section 311.011(d), Tax Code, on or 
before September 1, 1999; and
			(C)  is eligible for tax increment financing under 
Chapter 311, Tax Code;  
		(5)  for a school district for which a deduction from 
taxable value is made under Subdivision (4), an amount equal to the 
taxable value required to generate revenue when taxed at the school 
district's current tax rate in an amount that, when added to the 
taxes of the district paid into a tax increment fund as described by 
Subdivision (4)(B), is equal to the total amount of taxes the 
district would have paid into the tax increment fund if the district 
levied taxes at the rate the district levied in 2005;
		(6)  the total dollar amount of any captured appraised 
value of property that:
			(A)  is within a reinvestment zone:                                   
				(i)  created on or before December 31, 2008, 
by a municipality with a population of less than 18,000; and
				(ii)  the project plan for which includes 
the alteration, remodeling, repair, or reconstruction of a 
structure that is included on the National Register of Historic 
Places and requires that a portion of the tax increment of the zone 
be used for the improvement or construction of related facilities 
or for affordable housing;
			(B)  generates school district taxes that are paid 
into a tax increment fund created under Chapter 311, Tax Code; and
			(C)  is eligible for tax increment financing under 
Chapter 311, Tax Code;
		(7)  the total dollar amount of any exemptions granted 
under Section 11.251, Tax Code;
		(8) [(7)]  the difference between the comptroller's 
estimate of the market value and the productivity value of land that 
qualifies for appraisal on the basis of its productive capacity, 
except that the productivity value estimated by the comptroller may 
not exceed the fair market value of the land;
		(9) [(8)]  the portion of the appraised value of 
residence homesteads of individuals who receive a tax limitation 
under Section 11.26, Tax Code, on which school district taxes are 
not imposed in the year that is the subject of the study, calculated 
as if the residence homesteads were appraised at the full value 
required by law;
		(10) [(9)]  a portion of the market value of property 
not otherwise fully taxable by the district at market value because 
of:
			(A)  action required by statute or the 
constitution of this state that, if the tax rate adopted by the 
district is applied to it, produces an amount equal to the 
difference between the tax that the district would have imposed on 
the property if the property were fully taxable at market value and 
the tax that the district is actually authorized to impose on the 
property, if this subsection does not otherwise require that 
portion to be deducted; or
			(B)  action taken by the district under Subchapter 
B or C, Chapter 313, Tax Code;
		(11) [(10)]  the market value of all tangible personal 
property, other than manufactured homes, owned by a family or 
individual and not held or used for the production of income;
		(12) [(11)]  the appraised value of property the 
collection of delinquent taxes on which is deferred under Section 
33.06, Tax Code;
		(13) [(12)]  the portion of the appraised value of 
property the collection of delinquent taxes on which is deferred 
under Section 33.065, Tax Code; and
		(14) [(13)]  the amount by which the market value of a 
residence homestead to which Section 23.23, Tax Code, applies 
exceeds the appraised value of that property as calculated under 
that section.
	(i)  If the comptroller determines in the annual study that 
the market value of property in a school district as determined by 
the appraisal district that appraises property for the school 
district, less the total of the amounts and values listed in 
Subsection (d) as determined by that appraisal district, is valid, 
the comptroller, in determining the taxable value of property in 
the school district under Subsection (d), shall for purposes of 
Subsection (d)(14) [(d)(13)] subtract from the market value as 
determined by the appraisal district of residence homesteads to 
which Section 23.23, Tax Code, applies the amount by which that 
amount exceeds the appraised value of those properties as 
calculated by the appraisal district under Section 23.23, Tax Code.  
If the comptroller determines in the annual study that the market 
value of property in a school district as determined by the 
appraisal district that appraises property for the school district, 
less the total of the amounts and values listed in Subsection (d) as 
determined by that appraisal district, is not valid, the 
comptroller, in determining the taxable value of property in the 
school district under Subsection (d), shall for purposes of 
Subsection (d)(14) [(d)(13)] subtract from the market value as 
estimated by the comptroller of residence homesteads to which 
Section 23.23, Tax Code, applies the amount by which that amount 
exceeds the appraised value of those properties as calculated by 
the appraisal district under Section 23.23, Tax Code.
	(b)  This section applies only to an annual school district 
property value study conducted  for a tax year that begins on or 
after January 1, 2008.