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Amend CSHB 3 (house committee printing) as follows:
(1) On page 66, line 1, between "is" and the underlined colon, insert "the lower of".
(2) On page 66, strike lines 3-4 and substitute the following:
(2) the percentage determined by the following formula:
SCP = PYCP X 1.025/(1 + ECPV)
(c) For purposes of Subsection (b)(2):
(1) "SCP" is the state compression percentage;
(2) "PYCP" is the state compression percentage for the previous school year; and
(3) "ECPV" is the estimated percentage change in total taxable property value for the applicable tax year as determined based on the estimate submitted to the legislature under Section 48.269.
(c-1) Notwithstanding Subsection (b), for the 2019-2020 school year, the state compression percentage is:
(1) established by appropriation; or
(2) if the state compression percentage is not established by appropriation, 96 percent.
(c-2) Subsection (c-1) and this subsection expire September 1, 2020 [not established by appropriation for a school year, the commissioner shall determine