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F I S C A L I M P A C T R E P O R T
SPONSOR Boykin
DATE TYPED 3/09/05
HB 1072
SHORT TITLE Amyotrophic Sclerosis Income Tax Contribution
SB
ANALYST Taylor
REVENUE
Estimated Revenue
Subsequent
Years Impact
Recurring
or Non-Rec
Fund
Affected
FY05
FY06
$22.0
Similar Recurring
UNM Regents
(Parenthesis ( ) Indicate Revenue Decreases)
Relates to SB 483
SOURCES OF INFORMATION
LFC Files
Taxation and Revenue Department
Department of Health
SUMMARY
House Bill 1072 creates an optional tax refund contribution for amyotrophic lateral sclerosis
(ALS) research (see substantive issue section for a description of ALS). Taxpayers are allowed
to contribute any portion of their New Mexico state income tax refund to the University Of New
Mexico ALS Center.
The bill does not have an effective date, and is assumed to take effect 90 days after the end of the
legislative session.
FISCAL IMPLICATIONS
Based on TRD’s analysis of similar legislation, it is estimated that this bill would raise approxi-
mately $22 thousand on a full-year basis. The estimate is simply the average of tax year 2003
contributions to existing voluntary contribution funds.