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A JOINT RESOLUTION
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proposing a constitutional amendment requiring any increase in a |
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franchise tax rate to be approved by two-thirds of all the members |
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elected to each house of the legislature. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article VIII, Texas Constitution, is amended by |
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adding Section 25 to read as follows: |
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Sec. 25. (a) A bill increasing any franchise tax rate above |
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the rate in effect on the date the bill was filed may take effect |
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only if passed by a record vote of two-thirds of all the members |
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elected to each house of the legislature on final consideration in |
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each house. |
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(b) This section does not apply to a bill that amends: |
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(1) the manner in which the franchise tax is computed; |
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(2) the manner in which the franchise tax is |
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administered or enforced; or |
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(3) the applicability of the franchise tax. |
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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 6, 2007. |
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The ballot shall be printed to provide for voting for or against the |
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proposition: "The constitutional amendment requiring any increase |
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in a franchise tax rate to be approved by two-thirds of all the |
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members elected to each house of the legislature." |