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| SPONSOR: | Lujan | DATE TYPED: | 02/16/00 | HB | 14/aSFC | ||
| SHORT TITLE: | Change in Club Liquor License Fee | SB | |||||
| ANALYST: | Valdes | ||||||
| Subsequent
Years Impact |
Recurring
or Non-Rec |
Fund
Affected | ||
| FY00 | FY01 | |||
| $ (125.0) | $ (125.0) | Recurring | General Fund | |
(Parenthesis ( ) Indicate Revenue Decreases)
Duplicates/Conflicts with/Companion to/Relates to NA
SOURCES OF INFORMATION
Alcohol and Gaming Division, Regulation and Licensing Department
SUMMARY
Synopsis of SFC Amendment
This amendment would maintain the existing annual license fee of $1,250 for clubs with more than 250 members and reduce the fee to $250 for clubs with 250 members of fewer.
Synopsis of Bill
This bill would amend the Liquor Control Act to reduce the annual renewal fee for club liquor license holders from $1,250 to $250.
FISCAL IMPLICATIONS
Amendment
The Alcohol and Gaming Division estimates the majority of private clubs in the state having fewer than 250 members and estimates that the loss to the General Fund with the bill as amended would be $125.0 annually. The net revenue generated through fees would be $90.0.
Original Bill
Revenue generated from this fee is deposited to the general fund. The present revenue generated from 172 licensees is $215.0. This bill would reduce annual revenue generated to $43.0. The result would be a $172.0 loss to the general fund annually.
MFV/gm