Amend HB 992 on third reading as follows:
(1) Add the following appropriately numbered SECTIONS to the bill and renumber the SECTIONS of the bill accordingly:
SECTION ____. Subchapter E, Chapter 42, Education Code, is amended by adding Section 42.2511 to read as follows:
Sec. 42.2511. ADDITIONAL STATE AID FOR SCHOOL DISTRICTS ADVERSELY AFFECTED BY PROPERTY TAX RELIEF FOR CERTAIN DISABLED VETERANS. (a) Notwithstanding Section 42.2516 or any other provision of this chapter, a school district is entitled to additional state aid to the extent that state aid under this chapter based on the determination of the school district's taxable value of property as provided under Subchapter M, Chapter 403, Government Code, does not fully compensate the district for ad valorem tax revenue lost due to the exemption provided under Section 11.131, Tax Code.
(b) The commissioner, using information provided by the comptroller, shall compute the amount of additional state aid to which a district is entitled under Subsection (a). A determination by the commissioner under this section is final and may not be appealed.
SECTION ____. Chapter 140, Local Government Code, is amended by adding Section 140.011 to read as follows:
Sec. 140.011. TAXING UNITS ADVERSELY AFFECTED BY PROPERTY TAX RELIEF FOR CERTAIN DISABLED VETERANS. (a) In this section, "taxing unit" has the meaning assigned by Section 1.04, Tax Code, except that the term does not include a school district.
(b) A taxing unit is entitled to a disabled veteran assistance payment from the state for each fiscal year in the amount of lost ad valorem tax revenue calculated under Subsection (c) for that fiscal year.
(c) For the purposes of this section, the amount of a taxing unit's lost ad valorem tax revenue for a fiscal year is calculated by multiplying the ad valorem tax rate adopted by the taxing unit under Section 26.05, Tax Code, for the tax year in which the fiscal year begins by the total amount of the appraised value of all property located in the taxing unit that is exempted from taxation under Section 11.131, Tax Code, for that tax year.
(d) Not later than April 1 of the first year following the end of a fiscal year for which a taxing unit is entitled to a disabled veteran assistance payment, a taxing unit may submit an application to the comptroller to receive a disabled veteran assistance payment for that fiscal year. The application must be made on a form prescribed by the comptroller.
(e) A taxing unit that does not submit an application to the comptroller by the date prescribed by Subsection (d) is not entitled to a disabled veteran assistance payment for the fiscal year for which that deadline applies.
(f) The comptroller shall review each application by a taxing unit to determine whether the taxing unit is entitled to a disabled veteran assistance payment. If the comptroller determines that the taxing unit is entitled to the payment, the comptroller shall remit the payment from available funds to the taxing unit not later than the 60th day after the date the application for the payment is made. A taxing unit is entitled to only one disabled veteran assistance payment for each state fiscal year.
(2) On page 2, strike line 1 and substitute the following:
SECTION 2. This Act
(3) On page 2, line 11, between "effect" and "is", insert "and to provide state aid to political subdivisions to cover the costs associated with ad valorem tax exemptions for such disabled veterans and their surviving spouses".