TITLE: Instructing the enrolling clerk of the house to make corrections in H.B. No. 500.

SUMMARY: Instructing the enrolling clerk of the house to make corrections in H.B. No. 500.

FULL TEXT:
WHEREAS, House Bill No. 500 has been adopted by the house of representatives and the senate and is being prepared for enrollment; and WHEREAS, The bill contains a technical error that should be corrected; now, therefore, be it RESOLVED by the 83rd Legislature of the State of Texas, That the enrolling clerk of the house of representatives be instructed to correct House Bill No. 500, in SECTION 2 of the bill, by striking added Section 171.0023(d), Tax Code, and substituting the following: (d) A taxable entity may elect to compute the tax at the rate provided by Subsection (a) or (b), as applicable, on a report specified by Subsection (c) only if the comptroller certifies, on or after September 1, 2014, that probable revenue for the state fiscal biennium ending August 31, 2015, is estimated to exceed probable revenue as stated in the comptroller's Biennial Revenue Estimate for the 2014-2015 fiscal biennium, as adjusted for estimates of revenue and disbursements associated with legislation enacted by the 83rd Legislature, including any contingent appropriations certified before September 1, 2014, by an amount sufficient to offset the loss in probable revenue that will result if taxable entities elect to compute the tax at the rates provided by Subsections (a) and (b). If the comptroller does not make the certification described by this subsection, a taxable entity may not elect to pay the tax at the rate provided by Subsection (a) or (b) and shall pay the tax at the rates provided by Section 171.002. Hilderbran President of the Senate Speaker of the House I certify that H.C.R. No. 221 was adopted by the House on May 27, 2013, by the following vote: Yeas 145, Nays 3, 2 present, not voting. Chief Clerk of the House I certify that H.C.R. No. 221 was adopted by the Senate on May 27, 2013, by the following vote: Yeas 31, Nays 0. Secretary of the Senate APPROVED: Date Governor