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	Amend HB 831 by adding the following appropriately numbered 
SECTION to the bill and renumbering subsequent SECTIONS 
appropriately:
	SECTION ____.  Subchapter B, Chapter 171, Tax Code, is 
amended by adding Section 171.0615 to read as follows:
	Sec. 171.0615.  EXEMPTION--CERTAIN NONPROFIT LIMITED 
LIABILITY COMPANIES.  A limited liability company treated as a 
disregarded entity for federal tax purposes under Treasury 
Regulation Section 301.7701-3 whose sole member is exempted from 
federal taxation under Section 501(a), Internal Revenue Code of 
1986, by being listed as an exempt organization under Section 
501(c)(3) of that code, is exempted from the franchise tax if the 
limited liability company is formed solely to carry out the 
charitable activities of the limited liability company's sole 
member.