Amend CSHB 1533 (committee printing) on page 3, after line 17, by adding an appropriately numbered SECTION to read as follows and renumbering remaining SECTIONS accordingly:

SECTION ____.  Section 11.231(a), Tax Code, is amended to read as follows:

(a)  In this section, "nonprofit community business organization" means an organization that meets the following requirements:

(1)  the organization has been in existence for at least the preceding five years;

(2)  the organization:

(A)  is a nonprofit corporation organized under the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes) or a nonprofit corporation formed under the Texas Nonprofit Corporation Law, as described by Section 1.008, Business Organizations Code; and

(B)  is a nonprofit organization described by Section 501(c)(6), Internal Revenue Code of 1986; [and

(C)     is not a statewide organization;]

(3)  for at least the preceding three years, the organization has maintained a dues-paying membership of at least 50 members; and

(4)  the organization:

(A)  has a board of directors elected by the members;

(B)  does not compensate members of the board of directors for service on the board;

(C)  with respect to its activities in this state, is engaged primarily in performing functions listed in Subsection (d);

(D)  is primarily supported by membership dues and other income from activities substantially related to its primary functions; and

(E)  is not[, has not formed, and does not financially support] a political committee as defined by Section 251.001, Election Code.