AN ACT

RELATING TO TAXATION; INCREASING THE PERCENTAGE OF LIQUOR

EXCISE TAX DISTRIBUTED TO THE LOCAL DWI GRANT FUND.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. Section 7-1-6.40 NMSA 1978 (being Laws 1997,

Chapter 182, Section 1, as amended) is amended to read:

"7-1-6.40. DISTRIBUTION--LOCAL DWI GRANT FUND.--A

distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be

made to the local DWI grant fund in an amount equal to forty-

one and fifty hundredths percent of the net receipts

attributable to the liquor excise tax."

Section 2. EFFECTIVE DATE.--The effective date of the

provisions of this act is July 1, 2007.

HB 266

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