Amend Amendment No. 1 by D. Bonnen to CSHB 32 amending the text starting on line 15 as follows:

(a) Beginning in 2018, on January 1 of each year of a biennium even-numbered year for which the comptroller's biennial revenue most recent certification estimate projects state tax revenues not dedicated by the constitution will exceed the limit on those appropriations in effect for the current biennium under Section 22(a), Article VIII, Texas Constitution:

(1) The rate of the franchise tax under Section 171.002(1) is adjusted by subtracting 0.15 0.30 from the rate in effect on December 31 of the previous year;