Amend CSSB 269 by adding the following appropriately numbered
SECTIONS, and renumbering the subsequent SECTIONS appropriately.
      SECTION _____.  Section 4B, The Development Corporation Act
of 1979 (Article 5190.6, Vernon's Texas Civil Statutes) is amended
by amending Subsection (e) and adding a new Subsection (e-1) to
read as follows:
      (e)  The rate of a tax adopted under this section must be
one-eighth, one-fourth, three-eighths, or one-half of one percent.
The ballot proposition at the election held to adopt the tax must
specify the rate of the tax to be adopted.  A corporation that
holds an election to reduce or abolish a tax imposed under Section
4A of this Act may, in the same or in a separate proposition on the
same ballot, adopt a tax under this section.  If an eligible city
adopts the tax, a tax is imposed on the receipts from the sale at
retail of taxable items within the eligible city at the rate
approved at the election.  There is also imposed an excise tax on
the use, storage, or other consumption within the eligible city of
tangible personal property purchased, leased, or rented from a
retailer during the period that the tax is effective within the
eligible city.  The rate of the excise tax is the same as the rate
of the sales tax portion of the tax and is applied to the sale
price of the tangible personal property.
      (e-1)  Notwithstanding any other provision of this
subsection, if a city dissolves a corporation created under Section
4A of this Act and creates a corporation under this section, a
person serving as a director of the corporation created under
Section 4A of this Act at the time of dissolution may serve on the
board of the corporation created under this section.