NOTE: As provided in LFC policy, this report is
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legislature. The Legislative Finance Committee does not assume
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SPONSOR: |
Altamirano |
DATE TYPED: |
|
HB |
|
||
SHORT TITLE: |
Create Blue Ribbon Tax Reform Commission |
SB |
277/aSFC |
||||
|
ANALYST: |
Smith |
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APPROPRIATION
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
||
FY03 |
FY04 |
FY03 |
FY04 |
|
|
$200.0 |
|
|
|
Non-Recurring |
General
Fund |
|
|
|
|
|
|
(Parenthesis
( ) Indicate Expenditure Decreases)
LFC
SUMMARY
Synopsis of SFC
Amendment
The Senate Finance Committee amendment makes the
following changes:
Synopsis of Original Bill
Senate Bill 277 creates the Blue Ribbon Tax
Reform Commission. The commission shall consist of 17 members. Three shall be
appointed by the Speaker of the House and three shall be appointed by the
President Pro Tempore of the Senate. Party affiliations shall be in the
proportions
prevailing in the respective houses. Eleven
members will be appointed by the Governor, with at least one member
representing municipal governments, one member representing county government
and one member representing Native American tribes, pueblos and nations.
The purpose of the committee is to make
recommendations for the reform of
The bill includes an emergency clause.
FISCAL IMPACT
SB
277 appropriates $200.0 from the general fund to the legislative council
service for expenditures in 2003 and 2004 to carry out the provisions of the
Act. Any unexpended or unencumbered
balances remaining at the end of fiscal year 2004 shall revert to the general
fund.
SS/yr:sb:njw