Amend CSHB 500 (house committee report) in SECTION 7.02 of the bill as follows:

(1)  On page 32, lines 26 and 27, strike the heading to the SECTION and substitute "TEXAS EDUCATION AGENCY: SCHOOL DISTRICT PROPERTY TAX RELIEF".

(2)  On page 33, under SECTION 7.02. TRUSTEED PROGRAMS WITHIN THE OFFICE OF THE GOVERNOR: MOVING IMAGE INDUSTRY INCENTIVE PROGRAM, strike lines 7-9 and substitute the following:

Government Code (estimated to be $155,000,000), are appropriated to the Texas Education Agency for the state fiscal biennium beginning September 1, 2025, to reduce the state compression percentage under Section 48.255, Education Code, to the lowest possible percentage for that biennium.