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CONCURRENT RESOLUTION
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WHEREAS, House Bill No. 500 has been adopted by the house of |
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representatives and the senate and is being prepared for |
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enrollment; and |
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WHEREAS, The bill contains a technical error that should be |
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corrected; now, therefore, be it |
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RESOLVED by the 83rd Legislature of the State of Texas, That |
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the enrolling clerk of the house of representatives be instructed |
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to correct House Bill No. 500, in SECTION 2 of the bill, by striking |
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added Section 171.0023(d), Tax Code, and substituting the |
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following: |
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(d) A taxable entity may elect to compute the tax at the rate |
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provided by Subsection (a) or (b), as applicable, on a report |
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specified by Subsection (c) only if the comptroller certifies, on |
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or after September 1, 2014, that probable revenue for the state |
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fiscal biennium ending August 31, 2015, is estimated to exceed |
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probable revenue as stated in the comptroller's Biennial Revenue |
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Estimate for the 2014-2015 fiscal biennium, as adjusted for |
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estimates of revenue and disbursements associated with legislation |
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enacted by the 83rd Legislature, including any contingent |
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appropriations certified before September 1, 2014, by an amount |
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sufficient to offset the loss in probable revenue that will result |
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if taxable entities elect to compute the tax at the rates provided |
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by Subsections (a) and (b). If the comptroller does not make the |
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certification described by this subsection, a taxable entity may |
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not elect to pay the tax at the rate provided by Subsection (a) or |
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(b) and shall pay the tax at the rates provided by Section 171.002. |