FORTY-THIRD LEGISLATURE
FIRST SESSION
March 14, 1997
HOUSE FLOOR AMENDMENT number ___1___ to HOUSE BILL 141
Amendment sponsored by Representative Ben Lujan
1. Strike House Taxation and Revenue Committee amendments.
2. On page 3, line 9, strike the closing quotation mark and between lines 9 and 10, insert
the following new subsection:
"E. Nothing in an agreement entered into pursuant to this section shall apply to a
taxable transaction subject to the taxing authority of a municipality pursuant to a local option
gross receipts tax act or distribution to a municipality from gross receipts taxes pursuant to
Section 7-1-6.4 NMSA 1978, except that such agreement shall apply to such taxable transactions,
and related distributions, reported from business locations on Santa Clara pueblo land annexed by
a municipality after January 1, 1997."".
3. On page 3, line 21, before the period insert:
"; provided that no credit shall be allowed against any gross receipts tax due on a transaction
subject to the taxing authority of a municipality pursuant to a local option gross receipts tax act or
distribution to a municipality from gross receipts taxes pursuant to Section 7-1-6.4 NMSA 1978,
except that credit shall be allowed for such taxable transactions, and related distributions, reported
from business locations on Santa Clara pueblo land annexed by the municipality after January 1,
1997.".
___________________________
Ben Lujan
Adopted ___________________ Not Adopted ___________________________
(Chief Clerk) (Chief Clerk)
Date ________________