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Floor Packet Page No. 83                                                    



	Amend CSHB 3 by striking SECTION 19 and substituting a new 

SECTION 19 to read as follows:

	SECTION 19.  (a)  The comptroller shall require the entities 

specified by this section to file an information report in the 

manner provided by this section.  The information report is 

confidential and exempt from disclosure under Chapter 552, 

Government Code.

	(b)  The information report required under this section must 

contain the same information that an entity required to file the 

report would have submitted in its report due to the comptroller in 

2006 under Chapter 171, Tax Code, if the changes made by this Act to 

Chapter 171, Tax Code, had been in effect January 1, 2006.  The 

information report shall also contain the total of maintenance and 

operations school property taxes paid by the entity to school 

districts in Texas in the 2005, 2006, and 2007 tax years.  The 

comptroller shall provide the forms and instructions to the 

entities required to file a report under this section.

	(c)  The comptroller shall take action to revoke the charter, 

as that term is defined by Section 171.0001, Tax Code, as added by 

this Act, of an entity that does not file an information return in 

the manner and under the time limits provided by this section.

	(d)  The comptroller shall identify and require the 

following entities to file an information report under this 

section:

		(1)  the 1,000 entities that paid or are required to pay 

the most franchise tax for the annual reporting period ending 

December 31, 2005, under Chapter 171, Tax Code, as that chapter 

existed on the effective date of this section;

		(2)  the 1,000 entities doing business in this state 

that had the greatest amount of gross receipts in 2005, as 

determined under Sections 171.105 and 171.1051, Tax Code, as those 

sections existed on the effective date of this section; and

		(3)  the 1,000 entities doing business in this state 

with the greatest number of employees in this state, according to 

records maintained by the Texas Workforce Commission, in 2005; and

		(4)  the 1,000 entities doing business in this state 

with the greatest school maintenance-and-operations property tax 

levy in this state, according to records maintained or collected 

for this purpose by the Property Tax Division of the Office of the 

Comptroller, in 2005;

	(e)  An entity may be listed in one or more of the categories 

under Subsection (d) of this section.  An entity that is listed more 

than once is required by this section to file only one information 

return.

	(f)  The comptroller:                                                          

		(1)  shall identify the entities described by 

Subsection (d) of this section;

		(2)  shall prepare all forms and instructions required 

for those entities to file their information reports as required by 

this section;

		(3)  shall provide those forms and instructions to 

those entities on or after November 15, 2006, but before December 2, 

2006;

		(4)  shall require the entities to submit their 

information reports on or before February 15, 2007 and February 15, 

2008;

		(5)  may not grant any extensions for filing the 

information reports; and   

		(6)  shall report to the governor, the lieutenant 

governor, and the members of the legislature, on or before April 1, 

2007 and April 1, 2008, the results of the information reports, 

stating the amount of revenue generated by the tax under Chapter 

171, Tax Code, in each year, the amount that would have been 

generated from the entities submitting information reports under 

this section if the changes made by this Act to Chapter 171, Tax 

Code, had been in effect January 1, 2006, and the school maintenance 

and operations property taxes paid by the entities in the 2005, 

2006, and 2007 tax years.

	(g)  The report required under Subsection (f)(6) of this 

section may not be formatted in a manner or include any information 

that discloses or effectively discloses the specific identity of a 

reporting entity.

	(h)  This section takes effect as provided by Section 23 of 

this Act.