Amend Floor Amendment No. 1 to CSSB 2, as follows:

In SECTION 7 of the bill, by replacing "; and" on page 6, line 12 with "." and deleting Section 5.07(f)(2) (page 6, lines 13-17).

In SECTION 43 of the Floor Amendment, delete Section 26.08(b-1) on page 59, lines 16 through page 60, line 2.

In SECTION 43 of the bill, replace Section 26.08(n) on page 61, line 31 through page 63 line 3, with:

"(n) For purposes of this section, the rollback tax rate of a school district whose maintenance and operations tax rate for the 2005 tax year was $1.50 or less per $100 of taxable value is:

(1)  for the 2006 tax year, the sum of the rate that is equal to 88.67 percent of the maintenance and operations tax rate adopted by the district for the 2005 tax year, the rate of $0.04 per $100 of taxable value, and the district's current debt rate; and

(2)  for the 2007 and subsequent tax years, the lesser of the following:

(A)  the sum of the following:

(i)  the rate per $100 of taxable value that is equal to the product of the state compression percentage, as determined under Section 42.2516, Education Code, for the current year and $1.50;

(ii)  the rate of $0.04 per $100 of taxable value;

(iii)  the rate that is equal to the sum of the differences for the 2006 and each subsequent tax year between the adopted tax rate of the district for that year if the rate was approved at an election under this section and the rollback tax rate of the district for that year; and

(iv)  the district's current debt rate; or

(B)  the sum of the following:

(i)  the effective maintenance and operations tax rate of the district as computed under Subsection (i) or (k), as applicable;

(ii)  the rate per $100 of taxable value that is equal to the product of the state compression percentage, as determined under Section 42.2516, Education Code, for the current year and $0.06; and

(iii)  the district's current debt rate."

In SECTION 42 of the bill, in Section 26.16(d) replace page 29, lines 43-51 with "The voter-approved tax rate is the highest tax rate a taxing unit may adopt before requiring voter approval at an election. In the case of a taxing unit other than a school district, the voters by petition may require that a rollback election be held if the unit adopts a tax rate in excess of the unit's rollback tax rate. In the case of a school district, an election will automatically be held if the district wishes to adopt a tax rate in excess of the district's [rollback] voter-approved tax rate."