FORTY-THIRD LEGISLATURE
FIRST SESSION
March 16, 1997
SENATE FLOOR AMENDMENT number _______ to SENATE FINANCE COMMITTEE
SUBSTITUTE FOR
SENATE BILL 1054
Amendment sponsored by Senator Manny M. Aragon
1. On page 1, line 13, after the semicolon strike the
remainder of the line, strike all of line 14 and on line 15, strike
"TAXES PAID" and insert in lieu thereof "INCREASING THE RATE OF THE
CIGARETTE TAX AND DISTRIBUTING THE ADDITIONAL REVENUES".
2. On page 2, strike Section 2 in its entirety.
3. Renumber the succeeding sections accordingly.
4. On page 6, between lines 11 and 12, insert the following
new section:
"Section 4. Section 7-1-6.11 NMSA 1978 (being Laws 1983,
Chapter 211, Section 16, as amended) is amended to read:
"7-1-6.11. DISTRIBUTIONS OF CIGARETTE TAXES.--
A. A distribution pursuant to Section 7-1-6.1 NMSA 1978
shall be made to the county and municipality recreational fund in an
amount equal to [four and three-quarters] three and twenty-three
hundredths percent of the net receipts, exclusive of penalties and
interest, attributable to the cigarette tax.
B. A distribution pursuant to Section 7-1-6.1 NMSA 1978
shall be made to the county and municipal cigarette tax fund in an
amount equal to [nine and one-half] six and forty-five hundredths
percent of the net receipts, exclusive of penalties and interest,
attributable to the cigarette tax.
C. A distribution pursuant to Section 7-1-6.1 NMSA 1978
shall be made to the cancer center at the university of New Mexico
school of medicine in an amount equal to [four and three-quarters]
twelve and nine-tenths percent of the net receipts, exclusive of
penalties and interest, attributable to the cigarette tax.
D. A distribution pursuant to Section 7-1-6.1 NMSA 1978
shall be made to the New Mexico finance authority in an amount equal
to [seven and one-eighth] four and eighty-three hundredths percent
of the net receipts, exclusive of penalties and interest,
attributable to the cigarette tax.
E. A distribution pursuant to Section 7-1-6.1 NMSA 1978
shall be made to the board of regents of the university of New
Mexico in an amount equal to three and twenty-three hundredths
percent of the net receipts, exclusive of penalties and interest,
attributable to the cigarette tax for the purpose of establishing a
special chair for genetics research.
F. A distribution pursuant to Section 7-1-6.1 NMSA 1978
shall be made to the state fair commission in an amount equal to
three and twenty-three hundredths percent of the net receipts,
exclusive of penalties and interest, attributable to the cigarette
tax for the purpose of conducting the New Mexico state fair.
G. A distribution pursuant to Section 7-1-6.1 NMSA 1978
shall be made to the office of cultural affairs in an amount equal
to twelve and nine-tenths percent of the net receipts, exclusive of
penalties and interest, attributable to the cigarette tax to be
distributed as follows for the following purposes:
(1) three-fourths of the distribution to the board of
directors of the New Mexico Hispanic cultural center for any
necessary design, construction or equipping of the Hispanic cultural
center and thereafter for the operation of the Hispanic cultural
center;
(2) one-eighth of the distribution to the New Mexico
farm and ranch heritage museum division for operation of the New
Mexico farm and ranch heritage museum; and
(3) one-eighth of the distribution to the board of
trustees of the New Mexico museum of natural history and science for
operation of that museum.
G. A distribution pursuant to Section 7-1-6.1 NMSA 1978
shall be made to the brain injury services fund in an amount equal
to three and twenty-three hundredths percent of the net receipts,
exclusive of penalties and interest, attributable to the cigarette
tax, contingent upon enactment into law of Senate Bill 37 or other
bill of the first session of the forty-third legislature creating
the fund."".
5. Renumber the succeeding sections accordingly.
6. On pages 9 and 10, strike Section 7 in its entirety and
insert in lieu thereof:
"Section 7. Section 7-12-3 NMSA 1978 (being Laws 1971, Chapter
77, Section 3, as amended) is amended to read:
"7-12-3. EXCISE TAX ON CIGARETTES--RATES.--
A. For the privilege of selling, giving or consuming
cigarettes in New Mexico, there is levied an excise tax at the rate
of [one and five hundredths cents ($.0105)] one and fifty-five
hundredths cents ($.0155) for each cigarette sold, given or consumed
in this state.
B. The tax imposed by this section shall be referred to as
the "cigarette tax"."".
7. On page 12, line 1, strike "4" and insert in lieu thereof
"3".
8. On page 12, line 3, strike "Section" and insert in lieu
thereof "Sections 4 and".
__________________________
Manny M. Aragon
Adopted ___________________ Not Adopted _______________________
(Chief Clerk) (Chief Clerk)
Date _________________