Amend SB 1304 by inserting the following new SECTION 3 on line 9, page 2 of the bill and by renumbering each subsequent SECTION of the bill appropriately: SECTION 3. Chapter 117, Local Government Code, is amended by adding Section 117.003 to read as follows: Sec. 117.003. Compliance With Federal Tax Law for Funds Held Under This Chapter. (a) If any funds deposited under this chapter are placed into an interest bearing account, any person with a taxable interest in funds deposited to such account must submit appropriate tax forms and provide correct information to the district or county clerk so that the interest earned on such funds can be timely and appropriately reported to the Internal Revenue Service. The information and forms provided to the district or county clerk under this section is not subject to public disclosure except to the extent necessary to effectuate compliance with federal tax law requirements. (b) The district or county clerk is authorized to pay any or all of the interest earned on funds deposited under this chapter, without court order, to the Internal Revenue Service to satisfy tax withholding requirements.