Amend CSSB 2 (house committee report) by adding the following appropriately numbered SECTION to the bill and renumbering the SECTIONS of the bill accordingly:
SECTION ____. Chapter 26, Tax Code, is amended by adding Section 26.0443 to read as follows:
Sec. 26.0443. TAX RATE ADJUSTMENT FOR PUBLIC SAFETY PENSION EXPENDITURES. (a) In this section, "public safety pension expenditures" for a tax year means the amount of expenditures made by a taxing unit in the period beginning on July 1 of the year preceding the tax year for which a tax is adopted and ending on June 30 of the tax year for which the tax is adopted on costs to pay the pensions of individuals employed or formerly employed by the taxing unit to provide law enforcement and fire protection services.
(b) If a taxing unit's public safety pension expenditures exceed the amount of those expenditures for the preceding tax year, the no-new-revenue maintenance and operations rate for the taxing unit is increased by the rate computed according to the following formula:
(Current Tax Year's Public Safety Pension Expenditures - Preceding Tax Year's Public Safety Pension Expenditures) / (Current Total Value - New Property Value)
(c) The taxing unit shall include a notice of the increase in the no-new-revenue maintenance and operations rate provided by this section, including a description and amount of public safety pension expenditures, in the information published under Section 26.04(e) and, as applicable, in the notice prescribed by Section 26.06 or 26.061.