Floor Packet Page No. 27
Amend HB 3 (house committee report) as follows:
(1) On page 20, strike lines 19-25 and substitute:
(c) A corporation shall include in its gross receipts
computed under Subsection (a) the corporation's share of the gross
receipts of each partnership in which the corporation, as a general
or limited partner, directly or indirectly owns an interest and
each joint venture of which the corporation is a part apportioned to
this state as though the corporation directly earned the receipts[,
including receipts from business done with the corporation]. A
corporation that owns an
(2) On page 21, strike lines 8-12 and substitute:
(d) A corporation shall include in its gross receipts
computed under Subsection (a) the corporation's share of the gross
receipts of each partnership in which the corporation, as a general
or limited partner, directly or indirectly owns an interest and
each joint venture of which the corporation is a part. A
corporation that owns an interest in an