Floor Packet Page No. 30
      Amend CSHJR 4, by adding a new section, appropriately
numbered, to read as follows, and renumbering subsequent sections
appropriately:
      SECTION ____.  Article VIII, Texas Constitution, is amended
by adding Section 1-m to read as follows:
      Sec. 1-m.  The legislature by general law may provide that
the owner of property consisting of a separate interest in oil or
gas, including condensate and liquified petroleum gas, and from
which oil or gas is produced, in lieu of ad valorem taxes on the
property, may elect to pay a gross wellhead receipts tax. The law
must permit an annual election by the owner of the property for
payment of the gross receipts tax. The receipts from a gross
receipts tax imposed under the authority of this section shall be
used in the same manner and for the same purpose as receipts from
ad valorem taxes. This section does not affect the imposition and
use of revenue from gross receipt taxes not imposed under the
authority of this section.