Amend CSHB 3928 by adding the following appropriately 
numbered SECTION to the bill and renumbering subsequent SECTIONS of 
the bill accordingly:
	SECTION _____.  (a)  Section 171.002(d), Tax Code, as 
effective January 1, 2008, is amended to read as follows:
	(d)  A taxable entity is not required to pay any tax and is 
not considered to owe any tax for a period if:
		(1)  the amount of tax computed for the taxable entity 
is less than $1,000;  [or]
		(2)  the amount of the taxable entity's total revenue 
from its entire business is less than or equal to $300,000 or the 
amount determined under Section 171.006;  or
		(3)  the taxable entity's federal taxable income for 
that period as reported on the taxable entity's federal income tax 
return and as determined by rules adopted by the comptroller does 
not exceed zero.
	(b)  This section applies to a report originally due on or 
after the effective date of this section.
	(c)  This section takes effect January 1, 2008.