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Amend CSHB 3 by adding the following appropriately numbered 
section to the bill:
	Section ____.  Section 171.109, Tax Code, is amended by 
adding thereto a new Subsection (o) to read as follows:
	"(o)  Notwithstanding any other subsection in this Section, 
there shall be excluded from the taxable capital of a parent or 
investor taxable entity the direct or indirect investment by that 
parent or investor taxable entity in the capital of one or more 
other taxable entities (A) that are also subject to the franchise 
tax imposed by the State of Texas under this Title, and (B) in which 
that parent or investor taxable entity has a "controlling interest" 
as that term is defined in Section 171.1001."