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Amend Floor Amendment No. 1 to CSSB 2 (Senate Committee Report) by adding the following appropriately numbered SECTIONS to the bill and renumbering the subsequent SECTIONS of the substitute accordingly:
SECTION ___. Chapter 26, Tax Code, is amended by adding Section 26.0442 to read as follows:
Sec. 26.0442. TAX RATE ADJUSTMENT FOR VOTER APPROVED ROAD EXPENDITURES. (a) In this section, "voter approved road expenditures" for a tax year means the amount of maintenance and operation expenditures made by a taxing unit in a period beginning on or after July 1, 2018 that were approved at a public referendum specifically for the cost of construction, improvement, maintenance or operations of a road, street, sidewalk, highway, bridge, overpass, underpass, or interchange located within the jurisdiction.
(b) If the voters of a taxing unit approved at a public referendum the cost of construction, improvement, maintenance or operations of a road, street, sidewalk, highway, bridge, overpass, underpass, or interchange located within the jurisdiction including planning and design and costs associated with utilities, the no-new-revenue maintenance and operations rate for the taxing unit is:
ROLLBACK RATE = (NO-NEW-REVNUE MAINTENANCE AND OPERATIONS RATE + X 1.035) + (VOTER APPROVED RATE FOR ROADS + DEBT RATE + REVENUE ENRICHMENT RATE + UNUSED INCREMENT RATE)
(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 the amount of the expenditures, in the information published under Section 26.04(e) and, as applicable, in the notice prescribed by Section 26.06 or 26.061.
SECTION ____. Section 26.0442, Tax Code, as added by this Act, applies to the no-new-revenue maintenance and operations rate of a taxing unit beginning with the 2020 tax year.