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	Amend CSHB 469 by striking page 6, lines 5 through 14, 
substituting the following appropriately numbered SECTION, and 
renumbering subsequent SECTIONS of the bill accordingly:
	SECTION ____.  Section 202.0545, Tax Code, is amended by 
amending Subsections (a), (c), and (f) and adding Subsection (i) to 
read as follows:
	(a)  Subject to the limitations provided by this section, 
[until the later of the seventh anniversary of the date that the 
comptroller first approves an application for a tax rate reduction 
under this section or the effective date of a final rule adopted by 
the United States Environmental Protection Agency regulating 
carbon dioxide as a pollutant,] the producer of oil recovered 
through an enhanced oil recovery project that qualifies under 
Section 202.054 for the recovered oil tax rate provided by Section 
202.052(b) is entitled to an additional 50 percent reduction in 
that tax rate if in the recovery of the oil the enhanced oil 
recovery project uses carbon dioxide that:
		(1)  is captured from an anthropogenic source in this 
state;                
		(2)  would otherwise be released into the atmosphere as 
industrial emissions;
		(3)  is measurable at the source of capture; and                              
		(4)  is sequestered in one or more geological 
formations in this state following the enhanced oil recovery 
process.
	(c)  To qualify for the tax rate reduction under this 
section, the operator must:
		(1)  apply to the comptroller for the reduction and 
include with the application any information and documentation that 
the comptroller may require; [and]
		(2)  apply for a certification from:                                          
			(A)  the Railroad Commission of Texas, if carbon 
dioxide used in the project is to be sequestered in an oil or 
natural gas reservoir;
			(B)  the Texas Commission on Environmental 
Quality, if carbon dioxide used in the project is to be sequestered 
in a geological formation other than an oil or natural gas 
reservoir; or
			(C)  both the Railroad Commission of Texas and the 
Texas Commission on Environmental Quality if both Paragraphs (A) 
and (B) apply; and
		(3)  have begun using carbon dioxide that satisfies the 
criteria of Subsection (a) in an enhanced oil recovery project not 
later than August 31, 2016.
	(f)  The comptroller shall approve the application if the 
operator submits the certification or certifications required by 
Subsection (c)(2) and if the comptroller determines that the oil is 
otherwise eligible under this section and the operator meets the 
requirement specified by Subsection (c)(3).
	(i)  This section expires August 31, 2039.