Amend CSHB 2372 (House committee report) on page 2, between lines 23 and 24, by inserting a new SECTION to read as follows and renumbering all subsequent SECTIONS appropriately: SECTION 2. (a) Notwithstanding any other provision of this Act, the governing body of a local taxing authority that imposes a local sales and use tax may repeal an exemption to that tax authorized by this Act if the governing body finds by an appropriate order, including an ordinance, that the exemption would materially impair the obligation of any contract existing at the time this Act goes into effect and to which the local taxing authority is a party. (b) The secretary of the local taxing authority adopting an order under this section shall send to the comptroller by certified or registered mail a copy of the order. (c) The repeal of the exemption takes effect on the first day of the month following the expiration of the calendar quarter occurring after the date on which the comptroller receives a copy of the order.