| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 81R4234 KLA-D | |
| 2 | 2 | By: Jackson, Mike S.J.R. No. 20 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A JOINT RESOLUTION | |
| 6 | 6 | proposing a constitutional amendment requiring any increase in a | |
| 7 | 7 | franchise tax rate to be approved by two-thirds of all the members | |
| 8 | 8 | elected to each house of the legislature. | |
| 9 | 9 | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Article VIII, Texas Constitution, is amended by | |
| 11 | 11 | adding Section 25 to read as follows: | |
| 12 | 12 | Sec. 25. (a) A bill increasing any franchise tax rate above | |
| 13 | 13 | the rate in effect on the date the bill was filed may take effect | |
| 14 | 14 | only if passed by a record vote of two-thirds of all the members | |
| 15 | 15 | elected to each house of the legislature on final consideration in | |
| 16 | 16 | each house. | |
| 17 | 17 | (b) This section does not apply to a bill that amends: | |
| 18 | 18 | (1) the manner in which the franchise tax is computed; | |
| 19 | 19 | (2) the manner in which the franchise tax is | |
| 20 | 20 | administered or enforced; or | |
| 21 | 21 | (3) the applicability of the franchise tax. | |
| 22 | 22 | SECTION 2. This proposed constitutional amendment shall be | |
| 23 | 23 | submitted to the voters at an election to be held November 3, 2009. | |
| 24 | 24 | The ballot shall be printed to provide for voting for or against the | |
| 25 | 25 | proposition: "The constitutional amendment requiring any increase | |
| 26 | 26 | in a franchise tax rate to be approved by two-thirds of all the | |
| 27 | 27 | members elected to each house of the legislature." |