Amend Amendment No. 24 by Phillips to CSHB 3928 (page 44 of 
the amendment packet), by adding the following appropriately 
numbered item to read as follows and renumbering subsequent items 
accordingly:
	(__) On page 24, strike lines 4-6 and substitute the 
following:              

interests in one taxable entity treated as a partnership or 
[partnership, trust, or limited liability company that is treated 
for federal income taxes as a partnership or a limited liability 
company treated as] an S corporation for federal