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.