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Amend SB 597 in SECTION 1 of the bill by striking proposed
Section 953.053(b), Occupations Code (house committee printing,
page 5, line 25, through page 6, line 3), and substituting the
following:
(b) In addition to the annual registration fee required by
Subsection (a), the executive director shall annually collect from
each company a fee equal to the difference between an amount equal
to 1.7 percent of the amount a company collects for legal service
contracts sold by the company in this state in the current year and
the amount the company paid to the state in franchise taxes in the
same year. The executive director shall establish a schedule and
procedure for collecting this fee.