March 13, 2001

Mr. Speaker:

Your TAXATION AND REVENUE COMMITTEE, to whom has been referred

HOUSE BILL 724

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

1. On page 4, line 25, after "means" insert a colon and the subparagraph designation "(a)".

2. On page 5, line 4, after the semicolon strike "and" and between lines 4 and 5, insert the following new subparagraphs:

"(b) a county that has imposed a local hospital gross receipts tax pursuant to the Local Hospital Gross Receipts Tax Act, which tax will expire on December 31, 2001; and

(c) a county in which the question of imposing school district general obligation debt for public school capital outlay projects has been submitted to the voters and has failed to pass at least twice in at least two school districts in the county in the six-year period immediately prior to imposition of a county education gross receipts tax; and".

Respectfully submitted,

Donald L. Whitaker, Chairman

Adopted Not Adopted

(Chief Clerk) (Chief Clerk)

The roll call vote was 10 For 1 Against

Yes: 10

No: Russell

Excused: Boykin, Burpo, Crook, Hanosh, Lujan

Absent: None

.138266.1

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