Amend CSSB 275 by adding the following appropriately numbered 
sections to the bill and renumbering subsequent sections 
accordingly:
	SECTION ____.  Subchapter B, Chapter 171, Tax Code, is 
amended by adding Section 171.088 to read as follows:
	Sec. 171.088.  EXEMPTION--BIOTECHNOLOGY CORPORATIONS.  (a)  
In this section, "biotechnology research and development" means an 
activity that is described in category 541710 of the 2002 North 
American Industry Classification System and that is predominantly 
related to life sciences.
	(b)  A corporation engaged primarily in biotechnology 
research and development is exempted from the franchise tax.
	SECTION ____.  (a)  Section 171.088, Tax Code, as added by 
this Act, takes effect January 1, 2006.
	(b)  Section 171.088, Tax Code, as added by this Act, does 
not affect taxes imposed before the effective date of that section, 
and the law in effect before the effective date of that section is 
continued in effect for the purposes of the liability for and 
collection of those taxes.