Amend CSSB 148 by adding a new SECTION 3 to read as follows
and renumbering the current SECTION 3 and subsequent SECTIONS
accordingly:
      SECTION 3.  (a)  Before the beginning of the 79th
Legislature, Regular Session, the comptroller shall report to the
legislature and the governor on the effect exempting small
corporations from the franchise tax under Section 171.002, Tax
Code, as amended by this Act, and from the reporting requirements
has had on the economy of this state, including on the creation of
new jobs in this state.
      (b)  The report must include:
            (1)  an assessment of the intended purposes of the
exemptions and whether the exemptions are achieving those
objectives;
            (2)  an assessment of whether the exemptions have
created any problems in the administration of the franchise tax;
and
            (3)  a recommendation for retaining, eliminating, or
amending the exemptions.
      (c)  The comptroller may include the report in any other
report made to the legislature.