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Floor Packet Page No. 5                                                     



	

Amend CSHB 3 as follows:                                                     

	(1)  On page 17, line 6, strike "and (h)" and substitute "(h), 

and (i)".     

	(2)  On page 18, between lines 12 and 13, insert:                              

	(i)  For purposes of Subsection (d):                                    

		(1)  a corporation that is a foreign corporation is not 

doing business in this state solely because the corporation holds 

an interest in a real estate investment trust as defined by Section 

856, Internal Revenue Code, or its "qualified REIT subsidiary" 

entities as defined by Section 856(i)(2), Internal Revenue Code; 

and

		(2)  a real estate investment trust or a "qualified REIT 

subsidiary" entity as defined in Subdivision (1) is not doing 

business in this state solely because the real estate investment 

trust or "qualified REIT subsidiary" entity holds a partnership 

interest, including an interest as an assignee, as a limited 

partner in a limited partnership that is doing business in this 

state, provided that the limited partnership satisfies the gross 

income requirements of Sections 856(c)(2) and 856(c)(3), Internal 

Revenue Code, and the asset valuation requirements of Section 

856(c)(4), Internal Revenue Code.