Amend CSHB 4 as follows:
Insert in Article 4 in the appropriate place the following:
Sec. 151.346. INTERCORPORATE SERVICES. (a) There are
exempt from the taxes imposed by this chapter service transactions
among affiliated entities:
(1) at least one of which is a corporation that report
their income to the Internal Revenue Service on a single
consolidated return for the tax year in which the transaction
occurs; or
(2) at least one of which is a limited liability
company and the entities are each owned, directly or indirectly,
50% or more by the same persons.