State of New Mexico
House of Representatives
FORTY-THIRD LEGISLATURE
FIRST SESSION, 1997
February 28, 1997
Mr. Speaker:
Your TAXATION AND REVENUE COMMITTEE, to whom has
been referred
HOUSE BILL 1112
has had it under consideration and reports same with
recommendation that it DO PASS, amended as follows:
1. On page 2, line 1, strike "in" and insert in lieu thereof
"for".
2. On page 2, line 2, strike "application" and insert in lieu
thereof "determination".
3. On page 2, line 2, after "made" insert "of eligibility".
4. On page 2, line 12, strike "application" and insert in
lieu thereof "determination".
5. On page 2, line 13, strike "either or both" and insert in
lieu thereof "one or more".
6. On page 2, line 13, strike "two" and insert in lieu
thereof "three".
7. On page 2, line 14, strike "application" and insert in
lieu thereof "the determination".
8. On page 4, line 8, strike "each" and insert in lieu
thereof "a".
9. On page 4, line 9, after "is" insert "first".
10. On page 4, line 9, strike "his" and insert in lieu
thereof "the".
11. On page 4, line 9, before the period insert "or in a tax
year immediately subsequent to a tax year in which the land was not
valued under this section".
12. On page 4, line 13, after the period strike the remainder
of the line and strike all of lines 14 through 25 and on page 5,
strike all of lines 1 through 8, and insert in lieu thereof:
"Once land is valued under this section, application need not be
made in subsequent tax years as long as there is no change in the
use of the land.
G. The owner of land valued under this section shall
report to the county assessor whenever the use of the land changes
so that it is no longer being used primarily for agricultural
purposes. This report shall be made on a form prescribed by
department regulations and shall be made by the last day of February
of the tax year immediately following the year in which the change
in the use of the land occurs.
H. Any person who is required to make a report under the
provisions of Subsection G of this section and who fails to do so is
personally liable for a civil penalty in an amount equal to the
greater of twenty-five dollars ($25.00) or twenty-five percent of
the difference between the property taxes ultimately determined to
be due and the property taxes originally paid for the tax year or
years for which the person failed to make the required report."".
Respectfully submitted,
Jerry W. Sandel, Chairman
Adopted Not Adopted
(Chief Clerk) (Chief Clerk)
Date
The roll call vote was 10 For 0 Against
Yes: 10
Excused: Gonzales, Lovejoy, Ryan
Absent: None
.117937.1
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