Amend CSHB 300 (House committee printing) by adding the 
following ARTICLE to the bill, appropriately numbered, and 
renumbering subsequent ARTICLES accordingly:

ARTICLE ____.  AD VALOREM TAXATION OF HEAVY EQUIPMENT
	SECTION ____.01.  (a)  Section 23.1242(i), Tax Code, is 
amended to read as follows:
	(i)  If the amount in the escrow account is not sufficient to 
pay the taxes in full, the collector shall apply the money to the 
taxes and deliver to the owner a tax receipt for the partial payment 
and a tax bill for the amount of the deficiency together with a 
statement that the owner must remit to the collector the balance of 
the total tax due.  If the amount in the escrow account exceeds the 
amount of the taxes due, the owner, at the owner's election, is 
entitled to receive:
		(1)  a refund of the excess amount; or                                 
		(2)  a credit in the amount of the excess amount to be 
credited to the owner's escrow account for prepayment of taxes 
imposed in the following tax year.
	(b)  Subsection (a) of this section applies only to the 
payment of ad valorem taxes imposed in 2009 or a subsequent tax 
year.