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Floor Packet Page No. 483
Amend CSHB 3 by adding the following appropriately numbered
section to Part A of Article 3 of the bill and renumbering
subsequent sections accordingly:
SECTION 3A. . (a) There are exempted from the increase in
the rate of the tax imposed by Chapter 151, Tax Code, that is made by
this part the receipts from the sale, use, or rental and the
storage, use, or consumption in this state of taxable items, if:
(1) the items are used:
(A) for the performance of a construction
contract entered into on or before August 1, 2005, if the contract
is not subject to change or modification because of the tax rate
increase made by this part; or
(B) pursuant to an obligation of a bid submitted
for a construction contract submitted on or before August 1, 2005,
if the bid may not be withdrawn, modified, or changed because of the
tax rate increase made by this part; and
(2) an electronic or paper copy of the contract or bid
on which the exemption is claimed is given by the taxpayer to the
comptroller not later than October 1, 2005.
(b) The exemption provided by this section expires August
14, 2008.