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Amend Floor Amendment No. 16 to CSHB 3 (Williams amendment, 

page 48 of the amendment packet) as follows:

	(1)  Throughout the amendment, replace "taxable entity" with 

"corporation" and "taxable entity's" with "corporation's".

	(2)  Insert the following new Subsection (j) to read as 

follows:             

	"(j)  This section applies only to a corporation that becomes 

subject to the franchise tax as a result of the application of 

Section 171.001(d-1)(3)."