Amend CSHB 4 by inserting a new SECTION 3.171 (Senate
Committee Report, page 29, between lines 17 and 18) to read as
follows:
      SECTION 3.171.  Section 171.112(a), Tax Code, is amended to
read as follows:
      (a)  For purposes of this section, "gross receipts" means all
revenues that would be recognized annually under a generally
accepted accounting principles method of accounting, without
deduction for the cost of property sold, materials used, labor
performed, or other costs incurred, unless otherwise specifically
provided in this chapter.  "Gross receipts" does not include
passive income for a taxable entity allowed a deduction under
Section 171.1102.