Amend SB 1 on third reading by adding the following appropriately numbered SECTION to the bill and renumbering the subsequent SECTIONS of the bill accordingly:
SECTION ____. Chapter 26, Tax Code, is amended by adding Section 26.0447 to read as follows:
Sec. 26.0447. AUTHORITY OF MUNICIPALITY TO ELECT TO APPLY LAW GOVERNING SMALL TAXING UNITS TO MUNICIPALITY. The governing body of a municipality by ordinance or resolution may elect that the municipality be considered a small taxing unit for purposes of this chapter, regardless of whether the municipality meets the definition of a small taxing unit under Section 26.012.