Amend SB 1 (senate committee printing) as follows:
(1) In SECTION 25 of the bill, at the end of added Section 26.04(c-1), Tax Code (page 8, line 56), add the following:
The designated officer or employee shall continue calculating the rollback tax rate in the manner provided by this subsection until the earlier of:
(1) the first tax year in which the total taxable value of property taxable by the taxing unit as shown on the appraisal roll for the taxing unit submitted by the assessor for the taxing unit to the governing body exceeds the total taxable value of property taxable by the taxing unit on January 1 of the tax year in which the disaster occurred; or
(2) the fifth tax year after the tax year in which the disaster occurred.
(2) In SECTION 26 of the bill, at the end of added Section 26.041(c-1), Tax Code (page 12, line 58), add the following:
The designated officer or employee shall continue calculating the rollback tax rate in the manner provided by this subsection until the earlier of:
(1) the first tax year in which the total taxable value of property taxable by the taxing unit as shown on the appraisal roll for the taxing unit submitted by the assessor for the taxing unit to the governing body exceeds the total taxable value of property taxable by the taxing unit on January 1 of the tax year in which the disaster occurred; or
(2) the fifth tax year after the tax year in which the disaster occurred.