FORTY-EIGHTH LEGISLATURE

FIRST SESSION

March 6, 2007

SENATE FLOOR AMENDMENT number ___1___ toSENATE BILL 1066, as amended

Amendment sponsored by Senator

    1. On page 1, line 12, after the semicolon, insert "REALLOCATING REVENUE DERIVED FROM THE HOSPITALITY FEE ACT".

    2. On page 1, between lines 18 and 19, insert the following new section:

    "Section 2. Section 3-38A-3 NMSA 1978 (being Laws 2003, Chapter 417, Section 3) is amended to read:

    "3-38A-3. HOSPITALITY FEE AUTHORIZED--RATE--PURPOSE.-- 

         A. A municipality may impose by ordinance a hospitality fee on the gross rent received by proprietors of tourist accommodations within the municipality in an amount not to exceed one percent of the gross rent. The fee imposed by this subsection may be referred to as the "hospitality fee". 

         B. Proceeds from the hospitality fee shall be used as follows: 

             (1) fifty percent of the proceeds shall be used to equip and furnish a municipal convention center; [and]

             (2) [fifty] twenty-five percent of the proceeds shall be used by the municipality to contract to purchase advertising that publicizes and promotes tourist-related attractions, facilities and events in the municipality and the county and tourist facilities or attractions within the area; and

             (3) twenty-five percent of the proceeds shall be used to extinguish debt incurred by a municipality for a metropolitan court facility."".

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Adopted ___________________ Not Adopted ________________________

          (Chief Clerk)                (Chief Clerk)

                  Date _________________