82R1132 JE-D
By: Paxton H.J.R. No. 25
A JOINT RESOLUTION
proposing a constitutional amendment requiring any increase in a
franchise tax rate to be approved by two-thirds of all the members
elected to each house of the legislature.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article VIII, Texas Constitution, is amended by
adding Section 25 to read as follows:
Sec. 25. (a) A bill increasing any franchise tax rate above
the rate in effect on the date the bill was filed may take effect
only if passed by a record vote of two-thirds of all the members
elected to each house of the legislature on final consideration in
each house.
(b) This section does not apply to a bill that amends:
(1) the manner in which the franchise tax is computed;
(2) the manner in which the franchise tax is
administered or enforced; or
(3) the applicability of the franchise tax.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 8, 2011.
The ballot shall be printed to provide for voting for or against the
proposition: "The constitutional amendment requiring any increase
in a franchise tax rate to be approved by two-thirds of all the
members elected to each house of the legislature."