Floor Packet Page No. 45
      Amend CSHJR 4 by striking all below the resolving clause and
substituting:
      SECTION 1.  Section 1, Article VIII, Texas Constitution, is
amended by adding Subsections (i), (j), (k), and (l) to read as
follows:
      (i)  A political subdivision of this state may not impose an
ad valorem tax on real or personal property in this state for any
purpose for any tax year beginning on or after January 1, 1998.
      (j)  The state takes full responsibility for the guarantee of
the repayment of all bonds issued by a county, municipality, school
district, or other political subdivision and secured by the revenue
from the property taxes imposed by those entities before January 1,
1998.  The legislature shall pass laws for the implementation of
this subsection.
      (k)  The state may not impose a sales and use tax for state
purposes on any property or service that exceeds a rate of nine
percent of the sales price or value of the property or service.
The maximum state and local sales and use tax rate is 11 percent of
the sales price or value of the property or service.
      (l)  The state may not impose a franchise tax or other tax
for the privilege of doing business in this state.
      SECTION 2.  This proposed constitutional amendment shall be
submitted to the voters at an election to be held November  4,
1997.  The ballot shall be printed to permit voting for or against
the proposition:  "The constitutional amendment to abolish property
and franchise taxes and limit the rate of the  sales and use tax."