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Amend CSHB 3 as follows:                                                     

	On page 3, after line 63, insert a new SECTION 2A.07 as 

follows, and renumber subsequent SECTIONS accordingly:

	SECTION 2A.07.  Section 171.109, Tax Code, is amended by 

adding a new Subsection (o) to read as follows:

	(o) Notwithstanding any other subsection in this section, 

there shall be excluded from the taxable capital of a parent or 

investor corporation the direct or indirect investment by that 

parent or investor corporation in one or more other corporations in 

which that parent or investor corporation has a "controlling 

interest" as that term is defined in Section 171.1001. In the event 

a partnership becomes subject to tax under this chapter, the term 

corporation shall include a partnership for purposes of this 

subsection.