Amend CSHB 3928 as follows:
(1) On page 10, line 11, strike "$600,000" and substitute "$
".
(2) On page 12, line 24, strike "and" and substitute "[and]".
(3) On page 12, line 25, strike "(vi) to" and substitute the
following:
(vi) to the extent included in Subsection
(c)(1)(A) but not subtracted as a cost of goods sold, depreciation
used in the determination of gain or loss on the disposition of real
property from which 80 percent or more of the gross income from the
property is rental income; and
(vii) to
(4) On page 14, line 8, strike "and" and substitute "[and]".
(5) On page 14, line 9, strike "(v) to" and substitute the
following:
(v) to the extent included in Subsection
(c)(2)(A) but not subtracted as a cost of goods sold, depreciation
used in the determination of gain or loss on the disposition of real
property from which 80 percent or more of the gross income from the
property is rental income; and
(vi) to
(6) Add the following appropriately numbered SECTION to read
as follows and renumber subsequent SECTIONS accordingly:
SECTION ____. Section 171.103(b), Tax Code, as effective
January 1, 2008, is amended to read as follows:
(b) A combined group shall include in its gross receipts
computed under Subsection (a) the gross receipts of each taxable
entity that is a member of the combined group [and that has a nexus
with this state for the purpose of taxation].
(7) On page 25, strike lines 5-19 and substitute the
following:
(b) In apportioning margin, receipts derived from
transactions between individual members of a combined group that
are excluded under Section 171.1014(c)(3) may not be included in
the receipts of the taxable entity from its business done in this
state as determined under Section 171.103[, except that receipts
derived from the sale of tangible personal property between
individual members of a combined group where one member party to the
transaction does not have nexus in this state shall be included in
the receipts of the taxable entity from its business done in this
state as determined under Section 171.103 to the extent that the
member of the combined group that does not have nexus in this state
resells the tangible personal property without modification to a
purchaser in this state].