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Amend the Keffer Amendment to CSHB 3 as follows:
(1) On page 3, line 16, strike "(a) A business" and
substitute "(a) Except as provided by Subsection (b-1), a
business".
(2) On page 3, between lines 20 and 21, insert the following:
(b-1) Notwithstanding Subsection (b), a business described
by Subsection (b) that was in existence and paid the tax imposed
under Chapter 171 for the business's most recent report year ending
on or before January 1, 2005, may elect to pay either the tax
imposed under this chapter or the tax imposed under Chapter 171.