Amend Amendment No. 2 by striking the language after "ARTICLE 1. LEGISLATIVE FINDINGS" and inserting the following: SECTION 1.01. FINDINGS. The Legislature finds that: (1) during the 79th Legislature, 3rd Called Session, 2006, the Legislature passed HB 3 to restructure the state's franchise tax to expand the tax to include newly taxed entities and change how the tax is calculated; (2) the intent of this Act is to make corrections to HB 3 of the 3rd Called Special Session of the 79th Legislature; (3) HB 3 was part of a package of legislation, along with HB 1, HB 2, HB 4, and HB 5 of the 3rd Called Special Session of the 79th Legislature, known as the "tax reform plan;" (4) HB 3, HB 4, and HB 5 created a new business tax, increased the used motor vehicle sales tax, and raised the tax on cigarettes, respectively; (5) the new tax dollars generated by HB 3, HB 4, and HB 5 were directly dedicated, in accordance with HB 2, to a "Property Tax Relief Fund" to pay for reductions in property taxes required by the passage of HB 1; (6) not a single dollar appropriated to the "Property Tax Relief Fund" was dedicated to provide a long term school finance solution, which means that not a single dollar raised by the tax bills will be used for the more than 4.3 million Texas students who attend classes in 1,037 independent school districts across the state of Texas; (7) arguments were raised during the 3rd Called Special Session that the aforementioned legislation was inadequate to replace school property tax revenue and was not an even dollar-for-dollar tax swap, therefore requiring future Legislatures to spend from the state's general revenue fund in order to pay for the property tax cuts; (8) the latest estimates by the Texas Comptroller of Public Accounts show that the state's new business tax could generate between $500 million and $900 million per fiscal year less than what was projected during the 3rd Called Special Session of the 79th Legislature; (9) the property tax cuts appropriated by HB 1 in the 3rd Called Special Session created a $14.2 billion deficit in the Foundation School Fund, of which, according to the aforementioned estimates by the Comptroller, approximately $7.5 billion will be replaced by taxes collected in the "Property Tax Relief Fund," thereby requiring the future appropriation of general revenue dollars to cover the remaining $6.7 billion deficit that exists in the Foundation School Fund; (10) appropriating $6.7 billion in general revenue to pay for the promised property tax cuts further depletes existing areas of state government that have been forced to endure drastic budget cuts since 2003; (11) the general revenue dollars would be better spent to increase the state's investments in providing affordable health care to all Texans, improving our public schools, lowering college tuition and electricity rates for Texas families, and many of the other important priorities of Texas citizens. SECTION 1.02. PURPOSE. As a result of the findings made by the Legislature as stated in Section 1.01 of this article, the purposes of this Act are to: (1) make changes to the revised franchise tax that improve the legislation passed during the 3rd Called Special Session of the 79th Legislature; and (2) ensure the tax dollars of Texas citizens are spent on all of Texans' priorities, and not just property tax cuts.