Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance

committees of the NM Legislature. The LFC does not assume responsibility for the accuracy of these reports

if they are used for other purposes.

Current FIRs (in HTML & Adobe PDF formats) are a vailable on the NM Legislative Website (legis.state.nm.us).

Adobe PDF versions include all attachments, whereas HTML versions may not. Previously issued FIRs and

attachments may be obtained from the LFC in Suite 101 of the State Capitol Building North.

F I S C A L I M P A C T R E P O R T

SPONSOR Salazar

DATE TYPED 02/09/05 HB 468

SHORT TITLE County Health Mill Levy Election Conditions

SB

ANALYST Ford

APPROPRIATION

Appropriation Contained Estimated Additional Impact Recurring

or Non-Rec

Fund

Affected

FY05

FY06

FY05

FY06

NFI

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

SUMMARY

Synopsis of Bill

House Bill 468 changes the conditions under which Rio Arriba County can conduct an election

regarding a proposed property tax increase to fund health care. Current law provides that the

election on a proposed health mill levy shall not occur in the same year as an election held pur-

suant to Section 4-48B-15 NMSA 1978. This bill would instead provide that the election cannot

be held on the same ballot as an election held pursuant to 4-48B-15 NMSA 1978.

Significant Issues

In the 2004 Legislative Session, Senate Bill 518 was passed to allow Rio Arriba County to per-

mit the imposition of new property taxes for the purpose of providing health care to sick and in-

digent persons. Senate Bill 518 provided that the election for a proposed tax increase could not

be held in the same year as an election pursuant to 4-48B-45 NMSA 1978, which relates to prop-

erty tax assessments that support county hospitals.

FISCAL IMPLICATIONS

House Bill 468 would have no fiscal impact to the state but may impact Rio Arriba County’s

ability to raise its property tax rate.

EF/njw