Floor Packet Page No. 33                                                    



	

Amend CSHB 3 by adding the following on page 23 between lines 

14 and 15:   

	(k-1)  A taxable entity shall exclude from its total revenue, 

to the extent included under Subsection (c)(1)(A), (c)(2)(A), or 

(c)(3), all rents and other fees collected from rental property if:

		(1)  the taxable entity is the owner of the rental 

property;         

		(2)  the rental property is financed under the federal 

low income housing tax credit program under Subchapter DD, Chapter 

2306, Government Code; and

		(3)  the rents and other fees are paid by a low-income 

or moderate-income individual or family that meets the eligibility 

requirements of the low income housing tax credit program.