Senate Bill 483 -- Page 1
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F I S C A L I M P A C T R E P O R T
SPONSOR Kernan
DATE TYPED 2/15/05
HB
SHORT TITLE Amyotrophic Lateral Sclerosis Research Fund
SB 483
ANALYST Taylor
APPROPRIATION
Appropriation Contained Estimated Additional Impact Recurring
or Non-Rec
Fund
Affected
FY05
FY06
FY05
FY06
$11.0
$22.0
Recurring UNM Regents
(Parenthesis ( ) Indicate Expenditure Decreases)
REVENUE
Estimated Revenue
Subsequent
Years Impact
Recurring
or Non-Rec
Fund
Affected
FY05
FY06
$11.0
$22.0
Similar Recurring
UNM Regents
(Parenthesis ( ) Indicate Revenue Decreases)
SOURCES OF INFORMATION
LFC Files
Taxation and Revenue Department
Department of Health
SUMMARY
Senate Bill 483 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 a new fund created in
the state treasury for this purpose. Money in the fund is appropriated to the University Of New
Mexico Board of Regents for ALS research.
Provisions of the bill are applicable as of January 1, 2005.
FISCAL IMPLICATIONS