H.R. No. 3372

R E S O L U T I O N

BE IT RESOLVED by the House of Representatives of the State of Texas, 84th Legislature, That House Rule 13, Section 9(a), be suspended in part as provided by House Rule 13, Section 9(f), to enable the conference committee appointed to resolve the differences on House Bill 483 (the establishment and administration of a state bullion depository; authorizing fees) to consider and take action on the following matters:

(1) House Rule 13, Sections 9(a)(1) and (3), are suspended to permit the committee to add and amend text which is not in disagreement in proposed SECTION 1 of the bill, in added Section 2116.015(a)(1), Government Code, to read as follows:

(1) an individual or fiduciary, including an administrator, executor, custodian, guardian, or trustee;

Explanation: This change is necessary to ensure that an individual may use a depository account in the state bullion depository as an investment.

(2) House Rule 13, Section 9(a)(2), is suspended to permit the committee to omit text not in disagreement in proposed SECTION 1 of the bill, in added Section 2116.015, Government Code, by omitting proposed Subsection (b), which reads as follows:

(b) An investment by an insurance company in a depository account is eligible to be applied as a credit against taxes payable under Chapters 221 and 222, Insurance Code, in accordance with rules adopted by the comptroller after consultation with the commissioner of insurance.

Explanation: The omission is necessary to eliminate the implication that certain investments may be applied as tax credits.

Capriglione

______________________________ Speaker of the House

I certify that H.R. No. 3372 was adopted by the House on May 29, 2015, by the following vote: Yeas 143, Nays 0, 3 present, not voting.

______________________________ Chief Clerk of the House