Amend CSHB 3646 as follows:
(1) On page 24, line 18, between "(a)," and "(b)", insert "(a-1),".
(2) On page 24, line 19, between "Subsections" and "(b-3)",
insert "(a-2),".
(3) Strike page 24, line 21, through page 25, line 7, and
substitute the following:
(a) In this section, "state compression percentage" means
the percentage, as determined by the commissioner in consultation
with the Legislative Budget Board, of a school district's adopted
maintenance and operations tax rate for the 2005 tax year that
serves as the basis for state funding for tax rate reduction under
this section. The commissioner, in consultation with the
Legislative Budget Board, shall determine the state compression
percentage for each school year based on the percentage by which a
district is able to reduce the district's maintenance and
operations tax rate for that year, as compared to the district's
adopted maintenance and operations tax rate for the 2005 tax year,
as a result of state funds appropriated for distribution under this
section for that year from the property tax relief fund established
under Section 403.109, Government Code, or from another funding
source available for school district property tax relief.
(a-1) For the state fiscal year ending August 31, 2009, the
state compression percentage is 66.67 percent. For each subsequent
state fiscal year, the state compression percentage is the lesser
of:
(1) the percentage determined in accordance with
Subsection (a); or
(2) the state compression percentage for the preceding
state fiscal year.
(a-2) Not later than March 1 of each year, the commissioner
shall:
(1) inform school districts of the state compression
percentage for the following school year; and
(2) post the state compression percentage for the
following school year on the agency's website. [Subsection (a)
applies beginning with the state fiscal year ending August 31,
2009. For the state fiscal year ending August 31, 2007, the state
compression percentage is 88.67 percent. For the state fiscal year
ending August 31, 2008, the state compression percentage is 66.67
percent. This subsection expires September 1, 2009.]