Amend CSHB 3390 (house committee printing) as follows:
(1) On page 19, strike lines 25 and 26 and substitute the following:
SECTION 8. Section 313.027, Tax Code, is amended by amending Subsections (a), (f), (h), and (i) and adding Subsection (j) to read as follows:
(2) Strike page 21, line 27, through page 22, line 11, and substitute the following:
to provide financial or material support to a school district:
(1) in a tax year in an amount that exceeds an amount equal to the greater of:
(A) the lesser of the following amounts:
(i) $100 per student [per year] in average daily attendance, as defined by Section 42.005, Education Code; or
(ii) 10 percent of the amount computed by subtracting from the market value of the property for that tax year the value of the property as limited by the agreement and multiplying the difference by the maintenance and operations tax rate of the school district for that tax year; or
(B) $50,000; or
(2) in a tax year other than a tax year in which the limitation on appraised value is in effect[, or for a period that exceeds the period beginning with the period described by Section 313.021(4) and ending with the period described by Section 313.104(2)(B) of this code].
(j) Subsection (i) applies only to an agreement entered into in anticipation of or in consideration for a school district's approval of an application for a limitation on appraised value under this subchapter. That subsection does not apply to a payment under [This limit does not apply