Amend CSHB 3928 as follows:                                                  

(1)  On page 11, line 9, between "(e)," and "(g-3)", insert 	"(g),".          
	(2)  On page 14, between lines 25 and 26, insert the 
following:              
	(g)  A taxable entity shall exclude from its total revenue, 
to the extent included under Subsection (c)(1)(A), (c)(2)(A), or 
(c)(3), only the following flow-through funds that are mandated by 
contract to be distributed to other entities:
		(1)  sales commissions to nonemployees, including 
split-fee real estate commissions;
		(2)  the tax basis as determined under the Internal 
Revenue Code of securities underwritten;  and
		(3)  subcontracting payments handled by the taxable 
entity to provide services, labor, or materials in connection with 
the actual or proposed design, construction, remodeling, or repair 
of improvements on real property, technical studies or analyses of 
real property, or the location of the boundaries of real property.