NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature. The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.
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| SPONSOR: | Heaton | DATE TYPED: | 03/02/01 | HB | HJM 57 | ||
| SHORT TITLE: | Comprehensive Review of State Tax Policy | SB | |||||
| ANALYST: | Williams | ||||||
| Subsequent
Years Impact |
Recurring
or Non-Rec |
Fund
Affected | ||
| FY00 | FY01 | |||
| None | ||||
(Parenthesis ( ) Indicate Revenue Decreases)
SOURCES OF INFORMATION
Legislative Finance Committee (LFC) files
SUMMARY
Synopsis of Bill
The interim revenue stabilization and tax policy committee is requested to study New Mexico's state and local tax structure, examine its adequacy for the future and recommend necessary changes. The committee should consider state and local taxing authority and service responsibilities. Revenue neutral recommendations are to be reported by December 15, 2001.
FISCAL IMPLICATIONS
None at this time.
AW/njw