0001| SENATE BILL 1165
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0002| 43rd legislature - STATE OF NEW MEXICO - first session, 1997
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0003| INTRODUCED BY
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0004| BILLY J. MCKIBBEN
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0009|
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0010| AN ACT
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0011| RELATING TO TAXATION; INCREASING THE RATE OF THE CIGARETTE TAX;
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0012| DISTRIBUTING ADDITIONAL REVENUES TO THE CANCER CENTER AT THE
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0013| UNIVERSITY OF NEW MEXICO SCHOOL OF MEDICINE; ADJUSTING
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0014| DISTRIBUTIONS.
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0015|
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0016| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0017| Section 1. Section 7-1-6.11 NMSA 1978 (being Laws 1983,
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0018| Chapter 211, Section 16, as amended) is amended to read:
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0019| "7-1-6.11. DISTRIBUTIONS OF CIGARETTE TAXES.--
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0020| A. A distribution pursuant to Section 7-1-6.1 NMSA
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0021| 1978 shall be made to the county and municipality recreational
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0022| fund in an amount equal to [four and three-quarters] four
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0023| percent of the net receipts, exclusive of penalties and
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0024| interest, attributable to the cigarette tax.
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0025| B. A distribution pursuant to Section 7-1-6.1 NMSA
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0001| 1978 shall be made to the county and municipal cigarette tax
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0002| fund in an amount equal to [nine and one-half] eight
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0003| percent of the net receipts, exclusive of penalties and
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0004| interest, attributable to the cigarette tax.
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0005| C. A distribution pursuant to Section 7-1-6.1 NMSA
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0006| 1978 shall be made to the cancer center at the university of
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0007| New Mexico school of medicine in an amount equal to [four and
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three-quarters] twenty percent of the net receipts,
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0009| exclusive of penalties and interest, attributable to the
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0010| cigarette tax.
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0011| D. A distribution pursuant to Section 7-1-6.1 NMSA
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0012| 1978 shall be made to the New Mexico finance authority in an
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0013| amount equal to [seven and one-eighth] six percent of the
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0014| net receipts, exclusive of penalties and interest, attributable
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0015| to the cigarette tax."
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0016| Section 2. Section 7-12-3 NMSA 1978 (being Laws 1971,
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0017| Chapter 77, Section 3, as amended) is amended to read:
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0018| "7-12-3. EXCISE TAX ON CIGARETTES--RATES.--
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0019| A. For the privilege of selling, giving or
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0020| consuming cigarettes in New Mexico, there is levied an excise
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0021| tax at the rate of [one and five hundredths cents ($.0105)]
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0022| one and twenty-five hundredths cents ($.0125) for each
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0023| cigarette sold, given or consumed in this state.
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0024| B. The tax imposed by this section shall be
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0025| referred to as the "cigarette tax"."
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0001| Section 3. EFFECTIVE DATE.--
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0002| A. The effective date of the provisions of Section
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0003| 1 of this act is August 1, 1997.
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0004| B. The effective date of the provisions of Section
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0005| 2 of this act is July 1, 1997.
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0006|
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0007|
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0008| FORTY-THIRD LEGISLATURE
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0009| FIRST SESSION, 1997 SB 1165/a
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0010|
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0011|
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0012| March 3, 1997
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0013|
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0014| Mr. President:
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0015|
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0016| Your WAYS AND MEANS COMMITTEE, to whom has been
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0017| referred
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0018|
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0019| SENATE BILL 1165
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0020|
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0021| has had it under consideration and reports same with
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0022| recommendation that it DO PASS, amended as follows:
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0023|
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0024| 1. On page 1, line 13, after the semicolon insert:
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0025|
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0001| "DISTRIBUTING CIGARETTE TAX REVENUES TO THE UNIVERSITY OF NEW
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0002| MEXICO TO ESTABLISH A SPECIAL CHAIR FOR GENETICS RESEARCH;".
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0003|
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0004| 2. On page 2, line 8, strike "twenty" and insert in lieu
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0005| thereof "fifteen".
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0006|
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0007| 3. On page 2, line 14, strike the quotation mark and
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0008| between lines 14 and 15, insert the following new subsection:
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0009|
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0010| "E. A distribution pursuant to Section 7-1-6.1 NMSA
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0011| 1978 shall be made to the board of regents of the university of
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0012| New Mexico in an amount equal to five percent of the net
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0013| receipts, exclusive of penalties and interest, attributable to
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0014| the cigarette tax for the purpose of establishing a special chair
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0015| for genetics research."".,
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0016|
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0017| and thence referred to the FINANCE COMMITTEE.
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0018|
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0019| Respectfully submitted,
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0020|
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0021|
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0022|
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0023|
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0024| __________________________________
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0025| Carlos R. Cisneros, Chairman
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0011|
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0012| Adopted_______________________ Not
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0013| Adopted_______________________
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0014| (Chief Clerk) (Chief Clerk)
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0016|
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0017| Date ________________________
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0018|
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0019|
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0020| The roll call vote was 8 For 1 Against
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0021| Yes: 8
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0022| No: Kidd
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0023| Excused: None
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0024| Absent: None
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0025|
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0002|
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0003|
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0004| S1165WM1 .117711.1
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0005|
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0006| FORTY-THIRD LEGISLATURE
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0007| FIRST SESSION, 1997
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0008|
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0009|
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0010| March 5, 1997
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0011|
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0012| Mr. President:
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0013|
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0014| Your FINANCE COMMITTEE, to whom has been referred
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0015|
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0016| SENATE BILL 1165, as amended
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0017|
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0018| has had it under consideration and reports same with
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0019| recommendation that it DO PASS.
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0020|
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0021| Respectfully submitted,
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0001| __________________________________
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0002| Ben D. Altamirano, Chairman
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0004|
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0005|
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0006| Adopted_______________________ Not
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0007| Adopted_______________________
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0008| (Chief Clerk) (Chief Clerk)
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0011|
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0012| Date ________________________
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0014|
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0015| The roll call vote was 6 For 0 Against
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0016| Yes: 6
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0017| No: None
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0018| Excused: Aragon, Eisenstadt, Ingle, Lyons, Romero
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0019| Absent: None
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0020|
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0021|
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0022| S1165FC1
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