79S31062 KLA-D By: Paxton H.J.R. No. 31A JOINT RESOLUTION proposing a constitutional amendment requiring any increase in a franchise tax rate to be approved by two-thirds of all the members elected to each house of the legislature. BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Article VIII, Texas Constitution, is amended by adding Section 25 to read as follows: Sec. 25. (a) A bill increasing any franchise tax rate above the rate in effect on the date the bill was filed may take effect only if passed by a record vote of two-thirds of all the members elected to each house of the legislature on final consideration in each house. (b) This section does not apply to a bill that amends: (1) the manner in which the franchise tax is computed; (2) the manner in which the franchise tax is administered or enforced; or (3) the applicability of the franchise tax. SECTION 2. This proposed constitutional amendment shall be submitted to the voters at an election to be held November 7, 2006. The ballot shall be printed to provide for voting for or against the proposition: "The constitutional amendment requiring any increase in a franchise tax rate to be approved by two-thirds of all the members elected to each house of the legislature."