This website will be unavailable from Friday, April 26, 2024 at 6:00 p.m. through Monday, April 29, 2024 at 7:00 a.m. due to data center maintenance.
Amend CSHB 3 as follows:
(1) In the introductory language to SECTION 4.19 (committee
printing page 31, line 5), strike "Subsections (m), (n), and (o)"
and substitute "Subsections (d-1), (m), (n), and (o)".
(2) In SECTION 4.19, insert a new Subsection (d-1) to
Section 171.110, Tax Code (committee printing page 31, between
lines 59 and 60), to read as follows:
(d-1) A real estate investment trust may, in determining its
reportable federal taxable income for the purpose of this section,
deduct dividends paid to shareholders. In this subsection, a real
estate investment trust is an entity that complies with Sections
856-860, Internal Revenue Code.