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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